Calix, Inc. (NYSE:CALX) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Calix, Inc. (NYSE:CALX) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,552 shares of the communications equipment provider’s stock after selling 858 shares during the period. Federated Hermes Inc.’s holdings in Calix were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALX. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after buying an additional 1,011 shares during the period. Assetmark Inc. lifted its stake in shares of Calix by 31.9% during the 3rd quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 382 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Calix during the third quarter worth $111,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Calix in the fourth quarter valued at $142,000. Finally, Acadian Asset Management LLC acquired a new position in Calix in the third quarter valued at $188,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Price Performance

NYSE CALX opened at $29.56 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 95.35 and a beta of 1.72. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $53.90. The company’s fifty day moving average price is $32.25 and its two-hundred day moving average price is $36.70.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research note on Thursday. Roth Mkm restated a “buy” rating and issued a $50.00 target price on shares of Calix in a report on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Calix in a research note on Tuesday, April 23rd. Craig Hallum lowered their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Rosenblatt Securities cut their target price on Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.

Calix 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.