6,223 Shares in Calix, Inc. (NYSE:CALX) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new stake in shares of Calix, Inc. (NYSE:CALX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,223 shares of the communications equipment provider’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Calix by 14.0% during the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after purchasing an additional 900,713 shares during the last quarter. Wellington Management Group LLP grew its stake in Calix by 10.5% in the 4th quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after buying an additional 166,695 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Calix by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,672,146 shares of the communications equipment provider’s stock worth $73,057,000 after acquiring an additional 35,992 shares during the period. TD Asset Management Inc lifted its position in Calix by 516.6% during the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock worth $70,380,000 after acquiring an additional 1,349,625 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Calix by 14.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,233,425 shares of the communications equipment provider’s stock valued at $53,888,000 after acquiring an additional 159,250 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Shares of Calix stock opened at $36.03 on Friday. The firm has a 50 day simple moving average of $36.62 and a 200 day simple moving average of $34.23. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $47.15. The firm has a market cap of $2.36 billion, a P/E ratio of 116.23 and a beta of 1.74.

Calix (NYSE:CALX) last released its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The company had revenue of $198.14 million during the quarter, compared to the consensus estimate of $200.77 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was down 24.1% on a year-over-year basis. On average, sell-side analysts expect that Calix, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Tuesday, September 10th. Craig Hallum lifted their target price on Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Rosenblatt Securities upped their target price on Calix from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the sale, the director now owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.69% of the company’s stock.

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.