Public Sector Pension Investment Board Sells 4,100 Shares of Calix, Inc. (NYSE:CALX)

Public Sector Pension Investment Board decreased its position in shares of Calix, Inc. (NYSE:CALX) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,258 shares of the communications equipment provider’s stock after selling 4,100 shares during the quarter. Public Sector Pension Investment Board owned about 0.19% of Calix worth $4,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CALX. Divisar Capital Management LLC bought a new stake in Calix during the 2nd quarter valued at $15,876,000. Congress Asset Management Co. increased its position in shares of Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock worth $60,725,000 after acquiring an additional 361,805 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Calix by 82.7% in the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock worth $10,641,000 after acquiring an additional 135,916 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its position in Calix by 9.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after acquiring an additional 115,500 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Calix by 75.6% during the 2nd quarter. Millennium Management LLC now owns 179,801 shares of the communications equipment provider’s stock valued at $6,370,000 after purchasing an additional 77,387 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

NYSE CALX opened at $32.53 on Monday. The business’s fifty day moving average is $35.78 and its 200-day moving average is $35.77. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -135.54 and a beta of 1.75. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15.

Calix (NYSE:CALX) last released its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was down 23.8% on a year-over-year basis. Research analysts expect that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CALX. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, October 3rd. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.