UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.03 Million Position in Calix, Inc. (NYSE:CALX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Calix, Inc. (NYSE:CALX) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,608 shares of the communications equipment provider’s stock after acquiring an additional 6,984 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Calix worth $5,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Divisar Capital Management LLC acquired a new position in shares of Calix during the 2nd quarter worth $15,876,000. Congress Asset Management Co. increased its position 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 buying an additional 361,805 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Calix by 82.7% during the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after buying an additional 135,916 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position 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 worth $47,366,000 after buying an additional 115,500 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Calix by 75.6% during the 2nd quarter. Millennium Management LLC now owns 179,801 shares of the communications equipment provider’s stock worth $6,370,000 after acquiring an additional 77,387 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Trading Up 1.4 %

Shares of CALX stock opened at $35.27 on Thursday. The firm has a market capitalization of $2.34 billion, a P/E ratio of -146.96 and a beta of 1.70. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $45.15. The firm’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $35.89.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. Equities research analysts anticipate that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.