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Nisa Investment Advisors LLC Reduces Position in Calix, Inc. (NYSE:CALX)

Nisa Investment Advisors LLC trimmed its holdings in shares of Calix, Inc. (NYSE:CALXFree Report) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,154 shares of the communications equipment provider’s stock after selling 2,028 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Calix were worth $94,000 as of its most recent filing with the SEC.

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:CALXGet 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. 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

(Free Report)

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.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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