Calix, Inc. (NYSE:CALX) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its position in shares of Calix, Inc. (NYSE:CALX) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,166,389 shares of the communications equipment provider’s stock after acquiring an additional 2,340 shares during the period. Epoch Investment Partners Inc. owned about 1.78% of Calix worth $41,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Calix by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock worth $1,038,000 after purchasing an additional 300 shares in the last quarter. Portside Wealth Group LLC boosted its position in Calix by 4.4% in the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after buying an additional 301 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Calix by 13.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after acquiring an additional 303 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Calix by 3.3% during the second quarter. Victory Capital Management Inc. now owns 20,262 shares of the communications equipment provider’s stock worth $718,000 after acquiring an additional 654 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Calix by 41.5% in the fourth quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 655 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total transaction of $939,000.00. Following the completion of the sale, the director now owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.69% of the company’s stock.

Calix Price Performance

Shares of CALX opened at $39.10 on Monday. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $47.15. The stock has a market cap of $2.56 billion, a PE ratio of 126.13 and a beta of 1.74. The firm has a fifty day moving average price of $36.96 and a 200 day moving average price of $34.26.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CALX. Rosenblatt Securities increased their price target on Calix from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Craig Hallum boosted their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Roth Mkm raised 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 downgraded shares of Calix from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.50.

About Calix

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.