Calix, Inc. (NYSE:CALX) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Calix, Inc. (NYSE:CALX) by 82.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,346 shares of the communications equipment provider’s stock after buying an additional 135,916 shares during the quarter. Squarepoint Ops LLC owned approximately 0.46% of Calix worth $10,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Calix in the 1st quarter worth about $1,145,000. Epoch Investment Partners Inc. boosted its stake in shares of Calix by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock worth $38,600,000 after acquiring an additional 219,699 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Calix by 9.6% during the fourth quarter. Congress Asset Management Co. MA now owns 875,687 shares of the communications equipment provider’s stock worth $38,259,000 after purchasing an additional 76,546 shares in the last quarter. FORA Capital LLC acquired a new position in Calix in the 1st quarter valued at $724,000. Finally, Koshinski Asset Management Inc. acquired a new position in Calix in the 1st quarter valued at $669,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CALX. 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 report on Monday, July 22nd. Craig Hallum upped their price objective on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Friday. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Tuesday, September 10th. Finally, Roth Mkm upped their price target on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.50.

Calix Price Performance

Shares of CALX stock opened at $38.46 on Friday. The firm’s 50-day moving average is $37.20 and its two-hundred day moving average is $34.39. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $47.15. The company has a market capitalization of $2.52 billion, a PE ratio of 124.06 and a beta of 1.74.

Calix (NYSE:CALX) last released its quarterly earnings data 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. The firm had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $200.77 million. Calix had a return on equity of 4.17% and a net margin of 0.52%. The firm’s quarterly revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Sell-side analysts forecast that Calix, Inc. will post -0.36 EPS for the current year.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the sale, the director now directly owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.69% of the company’s stock.

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.