New York State Common Retirement Fund Sells 1,135 Shares of Calix, Inc. (NYSE:CALX)

New York State Common Retirement Fund cut its holdings in Calix, Inc. (NYSE:CALX) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,228 shares of the communications equipment provider’s stock after selling 1,135 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Calix worth $2,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in Calix in the third quarter valued at approximately $34,000. Arcadia Investment Management Corp MI bought a new position in Calix in the third quarter valued at approximately $39,000. Avior Wealth Management LLC boosted its stake in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake 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. 98.14% of the stock is owned by institutional investors.

Calix Stock Down 0.4 %

Shares of NYSE:CALX opened at $36.97 on Friday. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $42.50. The company’s fifty day simple moving average is $38.06 and its 200 day simple moving average is $36.64. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -82.15 and a beta of 1.70.

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

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the sale, the director now directly owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CALX. JPMorgan Chase & Co. increased their target price on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

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.