8,639 Shares in Calix, Inc. (NYSE:CALX) Acquired by Amundi

Amundi purchased a new position in Calix, Inc. (NYSE:CALX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,639 shares of the communications equipment provider’s stock, valued at approximately $330,000.

A number of other large investors also recently added to or reduced their stakes in CALX. Atria Investments Inc purchased a new position in Calix in the 3rd quarter worth approximately $258,000. Pathstone Holdings LLC raised its holdings in shares of Calix by 18.4% during the 3rd quarter. Pathstone Holdings LLC now owns 48,445 shares of the communications equipment provider’s stock worth $1,879,000 after acquiring an additional 7,521 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Calix during the 3rd quarter worth approximately $549,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Calix by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider’s stock worth $23,318,000 after acquiring an additional 12,637 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Calix Stock Performance

NYSE CALX opened at $35.97 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of -79.94 and a beta of 1.78. The business’s 50 day moving average price is $37.41 and its 200-day moving average price is $36.27. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50.

Calix (NYSE:CALX) last released its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, equities analysts predict that Calix, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now owns 2,164,188 shares of the company’s stock, valued at $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.69% of the stock is currently owned by corporate insiders.

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.