American International Group Inc. Has $4.72 Million Stake in Calix, Inc. (NYSE:CALX)

American International Group Inc. decreased its position in Calix, Inc. (NYSE:CALX) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 108,034 shares of the communications equipment provider’s stock after selling 4,077 shares during the period. American International Group Inc. owned about 0.17% of Calix worth $4,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc boosted its stake in Calix by 516.6% in the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock worth $70,380,000 after purchasing an additional 1,349,625 shares during the period. Vanguard Group Inc. boosted its stake in Calix by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock worth $291,765,000 after purchasing an additional 298,277 shares during the period. Wellington Management Group LLP boosted its stake in 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 worth $72,831,000 after purchasing an additional 313,380 shares during the period. Artemis Investment Management LLP acquired a new position in Calix in the 4th quarter worth approximately $18,165,000. Finally, Mesirow Institutional Investment Management Inc. boosted its stake in shares of Calix by 15.2% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 401,454 shares of the communications equipment provider’s stock valued at $17,540,000 after buying an additional 52,882 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities decreased their target price 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. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and decreased their target price for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Monday, May 20th. Craig Hallum decreased their target price on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of Calix from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Calix currently has an average rating of “Hold” and a consensus target price of $40.50.

Calix Trading Up 0.5 %

CALX stock opened at $35.00 on Friday. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $51.74. The company has a fifty day simple moving average of $32.05 and a 200 day simple moving average of $35.73. The firm has a market cap of $2.29 billion, a PE ratio of 112.90 and a beta of 1.75.

Calix (NYSE:CALX) last announced its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $226.31 million for the quarter, compared to the consensus estimate of $228.01 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. As a group, analysts forecast that Calix, Inc. will post -0.22 EPS for the current fiscal year.

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.