Allspring Global Investments Holdings LLC Sells 58,951 Shares of Calix, Inc. (NYSE:CALX)

Allspring Global Investments Holdings LLC trimmed its position in shares of Calix, Inc. (NYSE:CALX) by 19.7% in the fourth quarter, Holdings Channel reports. The fund owned 239,865 shares of the communications equipment provider’s stock after selling 58,951 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Calix were worth $10,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Calix by 31.7% during the second quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 204 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Calix by 4.0% during the third quarter. Los Angeles Capital Management LLC now owns 8,224 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 314 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Calix by 0.3% during the third quarter. Panagora Asset Management Inc. now owns 103,223 shares of the communications equipment provider’s stock valued at $4,732,000 after buying an additional 339 shares during the last quarter. Inspire Investing LLC raised its position in Calix by 5.5% in the third quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider’s stock worth $304,000 after purchasing an additional 348 shares in the last quarter. Finally, Creative Planning raised its position in Calix by 7.6% in the third quarter. Creative Planning now owns 5,005 shares of the communications equipment provider’s stock worth $229,000 after purchasing an additional 355 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Trading Down 0.2 %

Shares of Calix stock opened at $29.37 on Wednesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 65.27 and a beta of 1.65. Calix, Inc. has a 1-year low of $29.08 and a 1-year high of $53.90. The firm’s 50-day moving average price is $33.68 and its two-hundred day moving average price is $38.04.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $264.41 million. Calix had a net margin of 3.06% and a return on equity of 7.92%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. As a group, equities research analysts predict that Calix, Inc. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Needham & Company LLC dropped their price target on shares of Calix from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities dropped their price target on shares of Calix from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $54.60.

Calix Company Profile

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