Creative Planning Cuts Holdings in Calix, Inc. (NYSE:CALX)

Creative Planning decreased its stake in shares of Calix, Inc. (NYSE:CALX) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,654 shares of the communications equipment provider’s stock after selling 828 shares during the quarter. Creative Planning’s holdings in Calix were worth $530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 436 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 318 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Calix during the 1st quarter worth about $48,000. Ariadne Wealth Management LP acquired a new stake in shares of Calix in the 2nd quarter valued at about $60,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock valued at $89,000 after purchasing an additional 303 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Craig Hallum upped their target price on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Roth Mkm upped their target price on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Calix Trading Up 2.5 %

Calix stock opened at $36.02 on Wednesday. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.15. The stock has a 50 day moving average of $37.38 and a two-hundred day moving average of $35.40. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -150.08 and a beta of 1.75.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $200.95 million during the quarter, compared to analysts’ expectations of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Equities analysts predict that Calix, Inc. will post -0.36 earnings per share for the current year.

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.