Rhumbline Advisers Has $5.88 Million Stake in Calix, Inc. (NYSE:CALX)

Rhumbline Advisers increased its stake in shares of Calix, Inc. (NYSE:CALX) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,531 shares of the communications equipment provider’s stock after purchasing an additional 2,238 shares during the quarter. Rhumbline Advisers owned about 0.25% of Calix worth $5,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its position in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 358 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Calix by 16.7% during the third quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider’s stock valued at $131,000 after acquiring an additional 485 shares during the period. National Bank of Canada FI lifted its stake in shares of Calix by 0.4% during the third quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider’s stock valued at $5,515,000 after acquiring an additional 520 shares during the period. Farther Finance Advisors LLC boosted its holdings in Calix by 42.1% in the third 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 during the last quarter. Finally, FMR LLC increased its position in Calix by 49.0% in the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock worth $93,000 after purchasing an additional 789 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Calix Trading Up 1.0 %

Calix stock opened at $38.17 on Thursday. The firm has a market capitalization of $2.53 billion, a P/E ratio of -84.82 and a beta of 1.70. The business has a 50-day moving average of $37.98 and a 200-day moving average of $36.65. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

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.