Assetmark Inc. Grows Stock Holdings in Calix, Inc. (NYSE:CALX)

Assetmark Inc. raised its position in Calix, Inc. (NYSE:CALX) by 16.7% during the third quarter, Holdings Channel.com reports. The fund owned 3,381 shares of the communications equipment provider’s stock after purchasing an additional 485 shares during the quarter. Assetmark Inc.’s holdings in Calix were worth $131,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CALX. Vanguard Group Inc. increased its position in shares of Calix by 14.0% in the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after acquiring an additional 900,713 shares during the period. Divisar Capital Management LLC purchased a new position in shares of Calix in the second quarter valued at about $15,876,000. Congress Asset Management Co. increased its position in shares of Calix by 30.1% in the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after acquiring an additional 361,805 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Calix by 23.3% during the first quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock valued at $38,600,000 after buying an additional 219,699 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Calix by 82.7% during the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after buying an additional 135,916 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CALX has been the topic of several research analyst reports. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Roth Mkm boosted 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. Craig Hallum boosted their price target on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $42.50.

Calix Stock Performance

Shares of CALX opened at $29.31 on Monday. The stock has a market cap of $1.94 billion, a PE ratio of -122.13 and a beta of 1.75. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The firm’s 50-day simple moving average is $36.64 and its two-hundred day simple moving average is $35.68.

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

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.