Atria Investments Inc Takes Position in Calix, Inc. (NYSE:CALX)

Atria Investments Inc acquired a new position in Calix, Inc. (NYSE:CALX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,651 shares of the communications equipment provider’s stock, valued at approximately $258,000.

Other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in shares of Calix by 8.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,233 shares of the communications equipment provider’s stock worth $605,000 after buying an additional 1,350 shares in the last quarter. Vanguard Group Inc. grew its holdings in Calix by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock worth $242,852,000 after acquiring an additional 900,713 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Calix by 39.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 62,677 shares of the communications equipment provider’s stock valued at $2,078,000 after purchasing an additional 17,693 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Calix in the 1st quarter valued at about $391,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Calix by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,624 shares of the communications equipment provider’s stock worth $1,182,000 after purchasing an additional 2,097 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CALX shares. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Thursday, October 3rd. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Calix Stock Up 3.5 %

NYSE:CALX opened at $33.23 on Friday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -138.46 and a beta of 1.75. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.15. The firm has a 50 day moving average of $36.27 and a 200 day moving average of $35.70.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The firm had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was down 23.8% compared to the same quarter last year. As a group, analysts expect that Calix, Inc. will post -0.34 EPS for the current 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.