GAMMA Investing LLC Grows Holdings in Calix, Inc. (NYSE:CALX)

GAMMA Investing LLC grew its holdings in shares of Calix, Inc. (NYSE:CALX) by 187.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 668 shares of the communications equipment provider’s stock after purchasing an additional 436 shares during the quarter. GAMMA Investing LLC’s holdings in Calix were worth $26,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Calix during the 1st quarter valued at approximately $48,000. Ariadne Wealth Management LP acquired a new stake in Calix in the second quarter worth about $60,000. Nisa Investment Advisors LLC boosted its holdings 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 valued at $89,000 after acquiring an additional 303 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in Calix by 8,924.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock valued at $123,000 after acquiring an additional 3,659 shares during the last quarter. Finally, LVW Advisors LLC bought a new stake in Calix during the second quarter worth approximately $208,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Trading Down 2.0 %

Shares of CALX stock opened at $39.12 on Friday. The firm’s fifty day simple moving average is $37.39 and its 200 day simple moving average is $34.88. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $45.21. The firm has a market capitalization of $2.56 billion, a P/E ratio of 126.19 and a beta of 1.74.

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

Wall Street Analyst Weigh In

Several research analysts have commented on CALX shares. Craig Hallum raised their target price on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Roth Mkm increased their price objective on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’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 value 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 Securities & Exchange Commission, which is available at this link. 16.69% of the stock is owned by company insiders.

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.