Oregon Public Employees Retirement Fund Boosts Stock Position in Calix, Inc. (NYSE:CALX)

Oregon Public Employees Retirement Fund grew its stake in Calix, Inc. (NYSE:CALXGet Rating) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,574 shares of the communications equipment provider’s stock after acquiring an additional 374 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Calix were worth $1,013,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CALX. BlackRock Inc. boosted its stake in Calix by 45.9% in the 1st quarter. BlackRock Inc. now owns 7,446,078 shares of the communications equipment provider’s stock worth $319,511,000 after purchasing an additional 2,340,968 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Calix by 35.2% during the first quarter. Vanguard Group Inc. now owns 5,586,440 shares of the communications equipment provider’s stock valued at $239,713,000 after buying an additional 1,453,368 shares during the last quarter. State Street Corp grew its holdings in shares of Calix by 0.4% during the second quarter. State Street Corp now owns 1,740,043 shares of the communications equipment provider’s stock valued at $59,405,000 after buying an additional 7,425 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Calix by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,711,123 shares of the communications equipment provider’s stock valued at $73,422,000 after acquiring an additional 12,667 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Calix by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 1,564,912 shares of the communications equipment provider’s stock valued at $67,151,000 after acquiring an additional 67,005 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CALX. Northland Securities lifted their target price on Calix from $80.00 to $85.00 in a report on Monday, December 5th. Needham & Company LLC boosted their target price on Calix from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, December 22nd. Cowen lifted their price target on shares of Calix from $71.00 to $90.00 in a research note on Wednesday, October 26th. Roth Capital began coverage on shares of Calix in a research report on Monday, October 3rd. They set a “buy” rating on the stock. Finally, Rosenblatt Securities raised their target price on shares of Calix from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $81.22.

Calix Stock Performance

Shares of Calix stock opened at $58.33 on Tuesday. The stock’s fifty day moving average is $67.60 and its 200 day moving average is $61.46. Calix, Inc. has a one year low of $31.59 and a one year high of $77.44. The stock has a market cap of $3.82 billion, a P/E ratio of 82.15 and a beta of 1.63.

Calix (NYSE:CALXGet Rating) last posted its quarterly earnings data on Monday, October 24th. The communications equipment provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. The firm had revenue of $236.33 million for the quarter, compared to the consensus estimate of $215.25 million. Calix had a return on equity of 6.91% and a net margin of 6.12%. The business’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. Analysts predict that Calix, Inc. will post 0.44 EPS for the current year.

Insider Buying and Selling

In other Calix news, EVP John Matthew Collins sold 5,000 shares of Calix stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $70.65, for a total transaction of $353,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Calix news, EVP John Matthew Collins sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $70.65, for a total transaction of $353,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathleen M. Crusco sold 24,176 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $73.21, for a total value of $1,769,924.96. Following the completion of the transaction, the director now owns 54,705 shares in the company, valued at $4,004,953.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,176 shares of company stock valued at $2,346,735. 16.56% of the stock is owned by corporate insiders.

Calix Company Profile

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Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

See Also

Institutional Ownership by Quarter for Calix (NYSE:CALX)

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