Assenagon Asset Management S.A. Has $12.89 Million Holdings in Calix, Inc. (NYSE:CALX)

Assenagon Asset Management S.A. lessened its holdings in Calix, Inc. (NYSE:CALX) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 369,638 shares of the communications equipment provider’s stock after selling 31,977 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.56% of Calix worth $12,889,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Calix by 25.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,301 shares of the communications equipment provider’s stock valued at $499,000 after acquiring an additional 2,911 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Calix by 18.1% in the 4th quarter. Diversified Trust Co now owns 12,030 shares of the communications equipment provider’s stock valued at $419,000 after purchasing an additional 1,845 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Calix by 46.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider’s stock valued at $4,948,000 after purchasing an additional 40,306 shares during the period. Geode Capital Management LLC boosted its position in shares of Calix by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock worth $51,661,000 after purchasing an additional 14,725 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Calix by 184.0% during the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider’s stock worth $4,404,000 after purchasing an additional 73,588 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Performance

Shares of CALX opened at $37.93 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of -158.02 and a beta of 1.68. The stock has a 50 day simple moving average of $34.35 and a 200 day simple moving average of $36.03. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. The company 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 business’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Equities research analysts predict that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.