Calix, Inc. (NYSE:CALX) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its stake in shares of Calix, Inc. (NYSE:CALX) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,723 shares of the communications equipment provider’s stock after selling 28,790 shares during the period. Congress Wealth Management LLC DE owned approximately 0.19% of Calix worth $5,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Calix by 194.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 1,011 shares in the last quarter. Quadrant Capital Group LLC raised its position in Calix by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 348 shares in the last quarter. Assetmark Inc. lifted its holdings in Calix by 41.5% in the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 655 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Calix during the 3rd quarter valued at about $111,000. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Calix in the 4th quarter worth approximately $142,000. 98.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CALX shares. Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Roth Mkm reaffirmed a “buy” rating and set a $50.00 target price on shares of Calix in a research report on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Monday, May 20th. Rosenblatt Securities cut their price objective on Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, Craig Hallum decreased their target price on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.50.

Calix Trading Up 0.3 %

NYSE:CALX traded up $0.10 on Friday, hitting $32.75. 445,631 shares of the company’s stock traded hands, compared to its average volume of 569,240. The firm has a 50-day moving average price of $31.01 and a 200-day moving average price of $36.07. The company has a market cap of $2.15 billion, a PE ratio of 105.65 and a beta of 1.72. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $53.90.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. On average, research analysts forecast that Calix, Inc. will post -0.22 EPS for the current fiscal year.

Calix Company 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.