Assetmark Inc. Grows Stock Holdings in Calix, Inc. (NYSE:CALX)

Assetmark Inc. boosted its holdings in Calix, Inc. (NYSE:CALX) by 16.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,381 shares of the communications equipment provider’s stock after buying an additional 485 shares during the period. Assetmark Inc.’s holdings in Calix were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Louisiana State Employees Retirement System boosted its holdings 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 valued at $1,038,000 after purchasing an additional 300 shares during the period. Portside Wealth Group LLC boosted its holdings 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 purchasing an additional 301 shares during the period. Nisa Investment Advisors LLC boosted its holdings in 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. Hexagon Capital Partners LLC boosted its holdings in Calix by 29.8% in the 3rd 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 period. Finally, GAMMA Investing LLC boosted its holdings in Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Down 2.7 %

Calix stock opened at $29.31 on Monday. The company has a market capitalization of $1.94 billion, a PE ratio of -122.13 and a beta of 1.75. The firm has a fifty day simple moving average of $36.64 and a two-hundred day simple moving average of $35.68. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.15.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million during 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 posted $0.25 earnings per share. As a group, equities analysts expect that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Roth Mkm raised their price target on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Tuesday, October 29th. Craig Hallum lifted 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, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Calix has a consensus rating of “Moderate Buy” 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.