14,148 Shares in Calix, Inc. (NYSE:CALX) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Calix, Inc. (NYSE:CALX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,148 shares of the communications equipment provider’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CALX. Divisar Capital Management LLC purchased a new position in shares of Calix during the 2nd quarter worth approximately $15,876,000. Congress Asset Management Co. lifted its stake in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock worth $60,725,000 after purchasing an additional 361,805 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Calix by 82.7% during the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock worth $10,641,000 after buying an additional 135,916 shares during the period. Paradigm Capital Management Inc. NY grew its stake in shares of Calix by 9.5% in 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 buying an additional 115,500 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Calix by 75.6% in the second quarter. Millennium Management LLC now owns 179,801 shares of the communications equipment provider’s stock valued at $6,370,000 after buying an additional 77,387 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CALX shares. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Calix Stock Up 1.2 %

Shares of Calix stock opened at $32.53 on Monday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15. The company has a market capitalization of $2.16 billion, a P/E ratio of -135.54 and a beta of 1.75. The company has a 50 day moving average of $35.78 and a 200 day moving average of $35.77.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) 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 analysts’ expectations of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, research analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current fiscal 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.