1,689 Shares in Calix, Inc. (NYSE:CALX) Bought by Ariadne Wealth Management LP

Ariadne Wealth Management LP acquired a new stake in Calix, Inc. (NYSE:CALX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,689 shares of the communications equipment provider’s stock, valued at approximately $60,000.

Several other institutional investors also recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its holdings in shares of Calix by 13,787.5% in the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 1,103 shares in the last quarter. Headlands Technologies LLC acquired a new position in Calix during the 1st quarter worth approximately $48,000. Nisa Investment Advisors LLC increased its position in Calix by 13.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after purchasing an additional 303 shares during the period. EntryPoint Capital LLC raised its stake in shares of Calix by 8,924.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock worth $123,000 after buying an additional 3,659 shares in the last quarter. Finally, LVW Advisors LLC acquired a new stake in shares of Calix in the 2nd quarter valued at approximately $208,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Down 2.2 %

CALX opened at $37.94 on Wednesday. The firm has a market cap of $2.49 billion, a P/E ratio of 122.39 and a beta of 1.74. The business’s fifty day simple moving average is $37.28 and its 200 day simple moving average is $34.45. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $46.29.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $198.14 million during the quarter, compared to the consensus estimate of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.17%. The company’s quarterly revenue was down 24.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. As a group, equities analysts expect that Calix, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities increased their target price on shares of Calix from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Roth Mkm lifted their price target on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Craig Hallum upped their price target on Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Insiders Place Their Bets

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the transaction, the director now directly owns 3,723,381 shares in the company, valued at $139,850,190.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.69% of the company’s stock.

About Calix

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.