According to the most recent filing that Cubist Systematic Strategies LLC made with the Securities and Exchange Commission, the company’s holdings in Harmonic INC (NASDAQ: HLIT) increased by 59.0% during the third quarter.

The fund now has a total holding of 384,851 shares of the company’s stock after purchasing an additional 142,861 shares of the communications equipment provider’s stock during the period.

This brings the fund’s total number of shares owned by the company to 384,851. Cubist Systematic Strategies LLC held approximately 0.37% of Harmonic at the end of the most recent fiscal quarter, valued at $5,030,000.

Recently, several institutional investors have shifted the percentage of their overall holdings comprised of HLITs to reflect the new allocations they have made to their respective portfolios.

During the third quarter, Jump Financial LLC witnessed a sizeable increase of 335.3 percent in the quantity of Harmonic stock that it held. Following additional purchases of 58,385 shares during the period, Jump Financial LLC now possesses 75,800 shares of the communications equipment provider’s stock, with a combined value of $990,000.

These shares were acquired for a total of $990,000.

As of the end of the third quarter, Assenagon Asset Management S.A. owned 17.1% more Harmonic than it did initially.

Assenagon Asset Management S.A. now has 1,264,968 shares of the communications equipment provider’s stock after purchasing 184,543 in the most recent quarter.

The stock currently has an estimated market value of $16,533,000.

A fresh investment of 1,459,000 dollars was made in Harmonic by CenterBook Partners L.P.

During the third quarter of the fiscal year. Over the last three months, Royce & Associates L.P.

Achieved a 5.6% increase in the proportion of Harmonic stock it owned. Royce & Associates L.P. now has 506,900 stock held by the communications equipment provider after purchasing an additional 26,800 shares during the most recent quarter.

This gives the company’s stock a value of $6,625,000, equivalent to the stock’s value before the most recent purchase. Jennison Associates LLC made a new investment during the third quarter of the year in the form of shares of Harmonic with a total value of $639,000, which brings us to our final point.

Institutional investors and hedge funds collectively hold a stake in the company equal to 97.72 percent of the total shares outstanding.
On Friday, the opening price of a share of Harmonic was $12.76 when trading got underway.

The stock’s fifty-day simple moving average and the 200-day simple moving average are currently at $13.97.

The current price of the stock is 13.97 dollars per share.

The debt-to-equity ratio comes in at 0.03, the quick ratio at 0.70, and the current ratio at 1.08.

The stock has a price-to-earnings ratio of 49.08, resulting in a market capitalization of $1.35 billion.

The value of the stock’s beta parameter is 0.88. Harmonic INC hit an all-time low of $8.25 during the past year, while the company reached an all-time high of $15.80 during the same period.
Studies conducted recently have focused the majority of their attention on HLIT.

Barclays upgraded Harmonic from an “underweight” rating to an “equal weight” rating.

They increased their target price on the stock from $17.00 to $20.00 in a research report published on Tuesday, January 31st.

In a research note published on Monday, January 9th, Jefferies Financial Group increased their price target for Harmonic from $14.25 to $19.00, upgrading the stock from a “hold” rating to a “buy” rating.

Both of these moves were made about the company’s stock.

The note dealt with issues about the stock of the company. On Tuesday, January 31st, Raymond James released a research note stating that it had decreased the price objective that it had set for Harmonic from $18.00 to $17.00 and that it had maintained its “outperform” rating on the stock.

The research note also stated that Raymond James had maintained its “outperform” rating on the stock.

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