Artemis Investment Management LLP Sells 53,910 Shares of Calix, Inc. (NYSE:CALX)

Artemis Investment Management LLP trimmed its stake in Calix, Inc. (NYSE:CALX) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,873 shares of the communications equipment provider’s stock after selling 53,910 shares during the period. Artemis Investment Management LLP owned about 0.55% of Calix worth $11,995,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. TD Asset Management Inc increased its stake in Calix by 516.6% during the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after acquiring an additional 1,349,625 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Calix by 213.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 944,350 shares of the communications equipment provider’s stock valued at $41,259,000 after purchasing an additional 643,392 shares in the last quarter. Norges Bank bought a new position in Calix in the fourth quarter worth $26,483,000. Wellington Management Group LLP boosted its stake in Calix by 24.6% during the third quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock worth $72,831,000 after buying an additional 313,380 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 valued at $291,765,000 after buying an additional 298,277 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CALX. 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 report on Thursday, April 25th. StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Monday, May 20th. Craig Hallum reduced their price target on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Rosenblatt Securities decreased their price objective on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.50.

Calix Stock Up 0.1 %

Shares of NYSE:CALX opened at $35.43 on Friday. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $51.74. The firm has a market cap of $2.32 billion, a P/E ratio of 114.29 and a beta of 1.75. The company’s 50-day moving average price is $32.65 and its two-hundred day moving average price is $35.57.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Calix had a net margin of 2.19% and a return on equity of 6.64%. The business had revenue of $226.31 million during the quarter, compared to analyst estimates of $228.01 million. As a group, equities analysts predict that Calix, Inc. will post -0.22 earnings per share for the current fiscal year.

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.