Nisa Investment Advisors LLC Reduces Position in Calix, Inc. (NYSE:CALX)
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Artemis Investment Management LLP purchased a new stake in shares of Calix during the fourth quarter worth about $18,165,000. Pacer Advisors Inc. increased its holdings in Calix by 74.7% in the fourth quarter. Pacer Advisors Inc. now owns 9,091 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 3,886 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in Calix in the fourth quarter valued at about $142,000. Dfpg Investments LLC bought a new stake in Calix in the fourth quarter valued at about $260,000. Finally, Harbour Capital Advisors LLC bought a new stake in Calix in the fourth quarter valued at about $304,000. 98.14% of the stock is owned by hedge funds and other institutional investors.
Calix Stock Down 0.5 %
Shares of CALX stock opened at $29.28 on Friday. The business has a 50 day moving average of $33.38 and a two-hundred day moving average of $37.76. Calix, Inc. has a 52 week low of $28.95 and a 52 week high of $53.90. The company has a market cap of $1.92 billion, a P/E ratio of 65.07 and a beta of 1.65.
Calix (NYSE:CALX – Get Free Report) last issued its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The company had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. During the same period in the previous year, the firm posted $0.18 earnings per share. Calix’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Calix, Inc. will post 0.45 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently weighed in on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Rosenblatt Securities lowered their price objective on Calix from $57.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Calix in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.60.
Check Out Our Latest Research Report on Calix
Calix Company 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.
Featured Stories
Want to see what other hedge funds are holding CALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calix, Inc. (NYSE:CALX – Free Report).
Receive News & Ratings for Calix Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Calix and related companies with MarketBeat.com’s FREE daily email newsletter.
