State of New Jersey Common Pension Fund D Makes New Investment in Calix, Inc $CALX

State of New Jersey Common Pension Fund D acquired a new position in shares of Calix, Inc (NYSE:CALX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,253 shares of the communications equipment provider’s stock, valued at approximately $2,141,000. State of New Jersey Common Pension Fund D owned about 0.06% of Calix as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after purchasing an additional 37,601 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Calix by 12.1% in the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after acquiring an additional 270,397 shares during the period. Congress Asset Management Co. lifted its stake in shares of Calix by 2.9% in the 2nd quarter. Congress Asset Management Co. now owns 1,417,944 shares of the communications equipment provider’s stock worth $75,420,000 after acquiring an additional 39,447 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Calix by 26.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock worth $36,584,000 after acquiring an additional 215,028 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Calix by 135.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after acquiring an additional 545,490 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Up 0.6%

Shares of NYSE CALX opened at $62.18 on Thursday. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $64.30. The firm has a 50-day moving average price of $60.57 and a 200 day moving average price of $52.73. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -155.44 and a beta of 1.32.

Analysts Set New Price Targets

CALX has been the subject of several recent analyst reports. Rosenblatt Securities raised their target price on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Needham & Company LLC raised their target price on shares of Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Roth Capital raised their target price on shares of Calix from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.00.

Insider Activity at Calix

In related news, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is owned by company insiders.

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.