Public Sector Pension Investment Board Sells 4,100 Shares of Calix, Inc. (NYSE:CALX)

Public Sector Pension Investment Board lowered its holdings in Calix, Inc. (NYSE:CALX) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,258 shares of the communications equipment provider’s stock after selling 4,100 shares during the period. Public Sector Pension Investment Board’s holdings in Calix were worth $4,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of Calix by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,624 shares of the communications equipment provider’s stock valued at $1,182,000 after purchasing an additional 2,097 shares in the last quarter. SG Americas Securities LLC grew its holdings in Calix by 123.2% during the 2nd quarter. SG Americas Securities LLC now owns 7,943 shares of the communications equipment provider’s stock valued at $281,000 after buying an additional 4,384 shares in the last quarter. LVW Advisors LLC bought a new stake in shares of Calix during the second quarter valued at about $208,000. Diversified Trust Co lifted its holdings in shares of Calix by 11.4% in the second quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider’s stock worth $355,000 after buying an additional 1,026 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its position in shares of Calix by 4.4% in the second quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after acquiring an additional 301 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

CALX has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 target price 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Calix Stock Up 1.2 %

CALX opened at $32.53 on Monday. The business’s fifty day simple moving average is $35.78 and its 200 day simple moving average is $35.77. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.15. The stock has a market cap of $2.16 billion, a PE ratio of -135.54 and a beta of 1.75.

Calix (NYSE:CALX) last announced 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. The firm had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The company’s revenue was down 23.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS. As a group, equities analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current year.

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.