Alliance Wealth Advisors LLC UT Acquires 375 Shares of Calix, Inc. (NYSE:CALX)

Alliance Wealth Advisors LLC UT lifted its stake in shares of Calix, Inc. (NYSE:CALX) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,780 shares of the communications equipment provider’s stock after buying an additional 375 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Calix were worth $384,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its holdings in shares of Calix by 106.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,074,175 shares of the communications equipment provider’s stock valued at $49,240,000 after purchasing an additional 554,003 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Calix during the fourth quarter worth about $18,165,000. William Blair Investment Management LLC acquired a new stake in shares of Calix during the 3rd quarter worth approximately $17,131,000. Wellington Management Group LLP increased its stake in shares of Calix by 24.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after purchasing an additional 313,380 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in Calix by 33.6% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,221,500 shares of the communications equipment provider’s stock worth $55,994,000 after acquiring an additional 307,400 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Up 0.6 %

Shares of NYSE CALX traded up $0.17 during midday trading on Friday, hitting $28.40. The company had a trading volume of 604,549 shares, compared to its average volume of 919,749. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $53.90. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 91.61 and a beta of 1.65. The business has a 50-day simple moving average of $32.79 and a two-hundred day simple moving average of $37.21.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Calix’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Calix, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

CALX has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Calix in a research note on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Calix in a report on Tuesday, April 23rd. Craig Hallum decreased their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com cut shares of Calix from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Rosenblatt Securities lowered their price objective on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.33.

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.