Calix, Inc. (NYSE:CALX) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its stake in Calix, Inc. (NYSE:CALX) by 14.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,876 shares of the communications equipment provider’s stock after selling 7,429 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Calix worth $1,555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its stake in Calix by 516.6% during 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 last quarter. Quantbot Technologies LP acquired a new stake in Calix during the 1st quarter worth $1,145,000. Epoch Investment Partners Inc. boosted its stake in Calix by 23.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock worth $38,600,000 after purchasing an additional 219,699 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Calix by 9.6% during the 4th quarter. Congress Asset Management Co. MA now owns 875,687 shares of the communications equipment provider’s stock worth $38,259,000 after purchasing an additional 76,546 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Calix during the 1st quarter worth $724,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Down 2.9 %

Shares of NYSE:CALX opened at $36.21 on Thursday. The stock’s 50-day moving average price is $36.72 and its two-hundred day moving average price is $34.24. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $47.15. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 116.81 and a beta of 1.74.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $200.77 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was down 24.1% on a year-over-year basis. As a group, research analysts forecast that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total transaction of $939,000.00. Following the completion of the transaction, the director now owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CALX. Craig Hallum lifted their price target on Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Rosenblatt Securities lifted their price target on Calix from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, September 10th. Roth Mkm boosted their price objective on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.50.

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.