Stifel Financial Corp Buys 9,339 Shares of Calix, Inc. (NYSE:CALX)

Stifel Financial Corp grew its stake in shares of Calix, Inc. (NYSE:CALX) by 113.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,588 shares of the communications equipment provider’s stock after acquiring an additional 9,339 shares during the period. Stifel Financial Corp’s holdings in Calix were worth $682,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CALX. Louisiana State Employees Retirement System raised its holdings in shares of 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 in the last quarter. Hexagon Capital Partners LLC increased its holdings 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 buying an additional 318 shares during the period. GAMMA Investing LLC raised its stake in Calix by 187.9% in the third 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. Assetmark Inc. lifted its holdings in Calix by 16.7% during the third quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider’s stock worth $131,000 after buying an additional 485 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Calix by 42.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock valued at $68,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Calix Stock Up 0.9 %

CALX stock opened at $35.29 on Thursday. The firm has a 50 day moving average of $34.53 and a 200 day moving average of $35.91. The stock has a market capitalization of $2.34 billion, a PE ratio of -147.04 and a beta of 1.70. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.15.

Calix (NYSE:CALX) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was down 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. On average, equities research analysts expect that Calix, Inc. will post -0.34 earnings per share for the current year.

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.