Calix, Inc. (NYSE:CALX) Holdings Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Calix, Inc. (NYSE:CALX) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,989 shares of the communications equipment provider’s stock after selling 2,423 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Calix worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Divisar Capital Management LLC acquired a new stake in Calix during the second quarter valued at $15,876,000. Congress Asset Management Co. raised its holdings in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after buying an additional 361,805 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Calix by 82.7% in the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock worth $10,641,000 after buying an additional 135,916 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after acquiring an additional 115,500 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Calix by 75.6% in the second quarter. Millennium Management LLC now owns 179,801 shares of the communications equipment provider’s stock valued at $6,370,000 after purchasing an additional 77,387 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Shares of CALX stock opened at $32.53 on Friday. The stock has a 50-day moving average of $35.91 and a 200-day moving average of $35.72. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15. The stock has a market cap of $2.16 billion, a PE ratio of -135.29 and a beta of 1.75.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $201.06 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was down 23.8% on a year-over-year basis. As a group, research analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.