Mackenzie Financial Corp Acquires Shares of 7,011 Calix, Inc. (NYSE:CALX)

Mackenzie Financial Corp acquired a new stake in Calix, Inc. (NYSE:CALX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,011 shares of the communications equipment provider’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALX. Vanguard Group Inc. raised its holdings in shares of Calix by 14.0% during the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after acquiring an additional 900,713 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Calix by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider’s stock valued at $63,546,000 after acquiring an additional 45,656 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Calix by 10.5% during the fourth quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after acquiring an additional 166,695 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Calix by 9.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after acquiring an additional 115,500 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Calix by 23.3% during the first quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock valued at $38,600,000 after acquiring an additional 219,699 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, September 10th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday. Craig Hallum upped their price objective on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Roth Mkm upped their price objective on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 3,723,381 shares in the company, valued at $139,850,190.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.69% of the company’s stock.

Calix Stock Performance

Shares of CALX opened at $37.07 on Tuesday. The firm’s 50-day simple moving average is $37.37 and its two-hundred day simple moving average is $34.55. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $46.29. The stock has a market cap of $2.43 billion, a PE ratio of 119.58 and a beta of 1.74.

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