As Harmonic (HLIT) Market Valuation Declined, Shareholder Rgm Capital Has Decreased Its Stake; Teacher Retirement System Of Texas Raised Stake in Wpx Energy (WPX) by $1.40 Million as Share Value Rose

May 14, 2018 - By Darrin Black

Harmonic Inc. (NASDAQ:HLIT) Logo

Robert G. Moses decreased its stake in Harmonic Inc (HLIT) by 13.56% based on its latest 2017Q4 regulatory filing with the SEC. Rgm Capital Llc sold 904,349 shares as the company’s stock declined 6.10% with the market. The hedge fund run by Robert G. Moses held 5.77M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $24.22M, down from 6.67M at the end of the previous reported quarter. Rgm Capital Llc who had been investing in Harmonic Inc for a number of months, seems to be less bullish one the $323.82 million market cap company. It closed at $3.8 lastly. It is down 33.62% since May 14, 2017 and is downtrending. It has underperformed by 45.17% the S&P500.

Teacher Retirement System Of Texas increased its stake in Wpx Energy Inc (WPX) by 304.66% based on its latest 2017Q4 regulatory filing with the SEC. Teacher Retirement System Of Texas bought 99,679 shares as the company’s stock rose 0.29% while stock markets declined. The institutional investor held 132,397 shares of the energy company at the end of 2017Q4, valued at $1.86 million, up from 32,718 at the end of the previous reported quarter. Teacher Retirement System Of Texas who had been investing in Wpx Energy Inc for a number of months, seems to be bullish on the $7.35 billion market cap company. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.39. About 306,419 shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 11.34% since May 14, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Since May 7, 2018, it had 0 insider buys, and 4 sales for $2.34 million activity. $921,650 worth of WPX Energy, Inc. (NYSE:WPX) was sold by GUDERIAN BRYAN K on Thursday, May 10. Vann J Kevin also sold $270,900 worth of WPX Energy, Inc. (NYSE:WPX) shares. 55,000 shares were sold by Gaspar Clay M, worth $991,650.

Among 34 analysts covering WPX Energy (NYSE:WPX), 31 have Buy rating, 0 Sell and 3 Hold. Therefore 91% are positive. WPX Energy had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, April 11 by PiperJaffray. The firm earned “Buy” rating on Tuesday, October 10 by BMO Capital Markets. Wunderlich maintained the shares of WPX in report on Friday, May 6 with “Buy” rating. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by Guggenheim on Tuesday, January 12. The rating was maintained by Northland Capital on Tuesday, February 6 with “Buy”. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by SunTrust on Tuesday, December 15. The stock has “Overweight” rating by Capital One on Tuesday, February 9. As per Tuesday, December 19, the company rating was upgraded by Seaport Global. The firm earned “Buy” rating on Thursday, November 16 by Citigroup. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Underweight” rating by Barclays Capital on Thursday, September 1.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.25, from 1.29 in 2017Q3. It dropped, as 32 investors sold WPX shares while 105 reduced holdings. 57 funds opened positions while 85 raised stakes. 381.83 million shares or 0.86% less from 385.12 million shares in 2017Q3 were reported. The Alabama-based Oakworth has invested 0% in WPX Energy, Inc. (NYSE:WPX). Syntal Cap Ltd Com reported 21,313 shares or 0.09% of all its holdings. Virtu Financial Llc reported 0.01% in WPX Energy, Inc. (NYSE:WPX). Goldman Sachs, a New York-based fund reported 10.75 million shares. Los Angeles Capital Mngmt And Equity Inc holds 0% or 20,875 shares in its portfolio. Tctc Hldg Ltd Company holds 0.23% or 313,193 shares. Ngam Advsrs LP owns 379,915 shares for 0.05% of their portfolio. Moreover, Zwj Investment Counsel has 0.02% invested in WPX Energy, Inc. (NYSE:WPX) for 14,866 shares. 33.80M are held by Vanguard Group Inc. Bamco Inc New York holds 0.01% of its portfolio in WPX Energy, Inc. (NYSE:WPX) for 109,200 shares. Deutsche Financial Bank Ag has 0.03% invested in WPX Energy, Inc. (NYSE:WPX). North Star Investment Management Corp holds 0% or 476 shares in its portfolio. Great West Life Assurance Can has invested 0.01% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Dalton Greiner Hartman Maher & Communications has 1.92% invested in WPX Energy, Inc. (NYSE:WPX). Aqr Cap Mgmt Ltd Liability Corp accumulated 769,022 shares.

Teacher Retirement System Of Texas, which manages about $15.05 billion US Long portfolio, decreased its stake in Seagate Technology Plc (NASDAQ:STX) by 329,638 shares to 78,916 shares, valued at $3.30 million in 2017Q4, according to the filing. It also reduced its holding in Store Cap Corp (NYSE:STOR) by 190,825 shares in the quarter, leaving it with 58,670 shares, and cut its stake in Cdw Corp (NASDAQ:CDW).

More recent WPX Energy, Inc. (NYSE:WPX) news were published by: Seekingalpha.com which released: “WPX Energy (WPX) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Businesswire.com published the news titled: “WPX Energy Commences Tender Offers for Senior Notes due 2022 and 2023” on May 09, 2018. Globenewswire.com‘s news article titled: “Research Report Identifies Jaguar Animal Health, Dollar Tree, WPX Energy, Abaxis, Lear, and Baker Hughes with …” with publication date: May 07, 2018 was also an interesting one.

More news for Harmonic Inc. (NASDAQ:HLIT) were recently published by: Seekingalpha.com, which released: “Harmonic’s (HLIT) CEO Patrick Harshman on Q1 2018 Results – Earnings Call Transcript” on May 01, 2018. Seekingalpha.com‘s article titled: “Harmonic posts narrower loss than expected; backlog hits record” and published on April 30, 2018 is yet another important article.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.22, from 1.15 in 2017Q3. It fall, as 16 investors sold HLIT shares while 42 reduced holdings. 21 funds opened positions while 33 raised stakes. 75.84 million shares or 2.43% less from 77.73 million shares in 2017Q3 were reported. Tradewinds Cap Mngmt Llc invested in 0% or 32 shares. 149,982 were reported by Legal And General Grp Public Limited Com. Tci Wealth Advsr holds 0% or 148 shares. Fuller And Thaler Asset Management holds 15 shares or 0% of its portfolio. Profund Limited Liability Corp, a Maryland-based fund reported 13,599 shares. 6.21 million are held by Dimensional Fund Lp. Arizona State Retirement Sys holds 137,181 shares. Us State Bank De reported 1 shares stake. 38,500 are owned by Spark Invest Mgmt Limited Liability Company. Cornerstone holds 700 shares. Northern Corp stated it has 918,773 shares or 0% of all its holdings. Prudential stated it has 0% of its portfolio in Harmonic Inc. (NASDAQ:HLIT). Teachers Retirement Of The State Of Kentucky owns 6,200 shares. Css Limited Liability Il has 12,176 shares for 0% of their portfolio. Pub Employees Retirement Association Of Colorado has 35,199 shares.

Since February 15, 2018, it had 2 buys, and 7 selling transactions for $253,913 activity. Kalra Sanjay sold 2,360 shares worth $7,207. Haltmayer Neven sold $35,992 worth of Harmonic Inc. (NASDAQ:HLIT) on Thursday, March 8. The insider KVAMME FLOYD E bought $74,000. 5,500 shares were bought by Reaugh Mitzi, worth $20,040.

Rgm Capital Llc, which manages about $775.24 million and $1.08B US Long portfolio, upped its stake in Liveperson Inc (NASDAQ:LPSN) by 874,220 shares to 3.34 million shares, valued at $38.41 million in 2017Q4, according to the filing. It also increased its holding in Manhattan Associates Inc (NASDAQ:MANH) by 278,552 shares in the quarter, for a total of 1.48M shares, and has risen its stake in Verint Systems Inc (NASDAQ:VRNT).

Among 5 analysts covering Harmonic Inc (NASDAQ:HLIT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Harmonic Inc had 12 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Tuesday, June 6 report. Jefferies maintained Harmonic Inc. (NASDAQ:HLIT) on Tuesday, October 10 with “Hold” rating. Drexel Hamilton upgraded the stock to “Buy” rating in Wednesday, August 10 report. As per Thursday, September 7, the company rating was maintained by Jefferies. The company was downgraded on Tuesday, March 14 by Drexel Hamilton. Northland Capital initiated the shares of HLIT in report on Wednesday, January 13 with “Outperform” rating. The company was maintained on Friday, July 14 by Northland Capital. The company was upgraded on Tuesday, May 1 by Raymond James. Northland Capital maintained it with “Buy” rating and $6.0 target in Monday, October 16 report. The stock of Harmonic Inc. (NASDAQ:HLIT) earned “Hold” rating by Drexel Hamilton on Friday, July 24.

Harmonic Inc. (NASDAQ:HLIT) Institutional Positions Chart

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