US Bancorp DE Purchases 4,536 Shares of Calix, Inc. (NYSE:CALX)

US Bancorp DE lifted its position in Calix, Inc. (NYSE:CALX) by 399.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,672 shares of the communications equipment provider’s stock after purchasing an additional 4,536 shares during the quarter. US Bancorp DE’s holdings in Calix were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALX. Louisiana State Employees Retirement System increased its stake in Calix by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock worth $1,038,000 after acquiring an additional 300 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Calix by 4.4% in the second quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock worth $256,000 after purchasing an additional 301 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in 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 purchasing an additional 303 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Price Performance

Shares of Calix stock opened at $30.13 on Friday. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15. The business’s 50 day simple moving average is $36.74 and its two-hundred day simple moving average is $35.56. The stock has a market capitalization of $2.00 billion, a P/E ratio of -125.54 and a beta of 1.75.

Calix (NYSE:CALX) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Sell-side analysts expect that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CALX shares. Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. Roth Mkm upped 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. Craig Hallum raised their price objective on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Three 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 currently has an average rating of “Moderate Buy” and an average price target 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.