Calix, Inc. (NYSE:CALX) Holdings Raised by Pathstone Holdings LLC

Pathstone Holdings LLC grew its stake in shares of Calix, Inc. (NYSE:CALX) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,445 shares of the communications equipment provider’s stock after acquiring an additional 7,521 shares during the period. Pathstone Holdings LLC owned 0.07% of Calix worth $1,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Calix in the third quarter valued at approximately $34,000. Arcadia Investment Management Corp MI acquired a new stake in Calix in the third quarter valued at approximately $39,000. Hexagon Capital Partners LLC grew its position in Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 318 shares in the last quarter. Finally, Ariadne Wealth Management LP acquired a new position in shares of Calix during the 2nd quarter worth $60,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Performance

Calix stock opened at $32.30 on Wednesday. The business’s 50-day simple moving average is $36.22 and its 200-day simple moving average is $35.76. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.15. The firm has a market capitalization of $2.14 billion, a PE ratio of -134.50 and a beta of 1.75.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. During the same period last year, the business posted $0.25 EPS. The business’s quarterly revenue was down 23.8% on a year-over-year basis. Research analysts forecast that Calix, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.