Calix, Inc. (NYSE:CALX) Shares Bought by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY grew its holdings in Calix, Inc. (NYSE:CALX) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,336,900 shares of the communications equipment provider’s stock after purchasing an additional 115,500 shares during the period. Calix makes up 2.2% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 14th largest position. Paradigm Capital Management Inc. NY owned 2.04% of Calix worth $47,366,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Calix in the first quarter valued at about $48,000. TFO Wealth Partners LLC raised its stake in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 1,103 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after acquiring an additional 303 shares during the last quarter. Assetmark Inc. boosted its position in shares of Calix by 41.5% during the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 655 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in Calix by 8,924.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock valued at $123,000 after purchasing an additional 3,659 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

CALX stock opened at $38.84 on Tuesday. The business’s 50-day moving average is $37.01 and its two-hundred day moving average is $34.28. The firm has a market capitalization of $2.54 billion, a P/E ratio of 125.29 and a beta of 1.74. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $47.15.

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

Insider Transactions at Calix

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on CALX shares. Roth Mkm upped their price target on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered Calix from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th. Craig Hallum lifted their target price on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Rosenblatt Securities increased their price target on shares of Calix from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Calix presently has a consensus rating of “Hold” and an average price target of $42.50.

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.