Rhumbline Advisers boosted its position in Calix, Inc. (NYSE:CALX) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,713 shares of the communications equipment provider’s stock after purchasing an additional 2,245 shares during the period. Rhumbline Advisers owned approximately 0.09% of Calix worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new stake in shares of Calix during the first quarter worth $70,306,000. Alliancebernstein L.P. increased its stake in shares of Calix by 185.6% during the first quarter. Alliancebernstein L.P. now owns 2,345,669 shares of the communications equipment provider’s stock worth $81,301,000 after purchasing an additional 1,524,362 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Calix during the first quarter worth about $41,095,000. Lord Abbett & CO. LLC increased its stake in shares of Calix by 14.8% during the first quarter. Lord Abbett & CO. LLC now owns 2,977,770 shares of the communications equipment provider’s stock worth $103,210,000 after purchasing an additional 383,210 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Calix by 4.3% during the 1st quarter. BlackRock Inc. now owns 5,072,538 shares of the communications equipment provider’s stock valued at $175,814,000 after acquiring an additional 207,294 shares in the last quarter. 77.93% of the stock is currently owned by institutional investors and hedge funds.
CALX has been the subject of several research reports. Northland Securities upped their price objective on shares of Calix from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 28th. Jefferies Financial Group upped their price objective on shares of Calix from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $50.00) on shares of Calix in a research note on Tuesday, July 27th. Barrington Research assumed coverage on shares of Calix in a research note on Friday, July 23rd. They set an “outperform” rating and a $58.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Calix from a “buy” rating to a “hold” rating in a report on Monday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Calix has an average rating of “Hold” and an average price target of $44.88.
Calix (NYSE:CALX) last announced its earnings results on Monday, July 26th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $168.67 million during the quarter, compared to analysts’ expectations of $160.00 million. Calix had a net margin of 13.16% and a return on equity of 30.06%. Equities research analysts forecast that Calix, Inc. will post 0.93 earnings per share for the current year.
In other Calix news, Director Christopher J. Bowick sold 20,000 shares of Calix stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $45.41, for a total transaction of $908,200.00. Following the transaction, the director now directly owns 79,927 shares of the company’s stock, valued at $3,629,485.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director J Daniel Plants sold 1,290 shares of the business’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $45.97, for a total transaction of $59,301.30. Following the transaction, the director now directly owns 61,211 shares in the company, valued at $2,813,869.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,290 shares of company stock valued at $16,575,701. 16.64% of the stock is owned by insiders.
Calix Company Profile
Calix, Inc provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.
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