Louisiana State Employees Retirement System Grows Stock Position in Calix, Inc. (NYSE:CALX)

Louisiana State Employees Retirement System boosted its position in Calix, Inc. (NYSE:CALX) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,300 shares of the communications equipment provider’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Calix were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in shares of Calix by 516.6% in the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after acquiring an additional 1,349,625 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Calix by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after purchasing an additional 900,713 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Calix by 213.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 944,350 shares of the communications equipment provider’s stock worth $41,259,000 after purchasing an additional 643,392 shares during the period. Norges Bank purchased a new position in shares of Calix during the 4th quarter worth approximately $26,483,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Calix by 175.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 607,001 shares of the communications equipment provider’s stock valued at $20,128,000 after buying an additional 386,318 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $37.56, for a total transaction of $939,000.00. Following the sale, the director now directly owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.69% of the stock is currently owned by corporate insiders.

Calix Trading Down 2.3 %

Shares of CALX opened at $36.82 on Wednesday. The company has a 50-day moving average of $36.29 and a two-hundred day moving average of $34.05. The stock has a market cap of $2.41 billion, a P/E ratio of 118.77 and a beta of 1.76. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $48.53.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The firm had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $200.77 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Calix’s quarterly revenue was down 24.1% on a year-over-year basis. As a group, analysts forecast that Calix, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CALX. Roth Mkm upped their price objective on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Tuesday, August 20th. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Craig Hallum lifted their price target on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.