Mirae Asset Global Investments Co. Ltd. Sells 15,675 Shares of Calix, Inc. (NYSE:CALX)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Calix, Inc. (NYSE:CALXGet Rating) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,980 shares of the communications equipment provider’s stock after selling 15,675 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Calix were worth $15,618,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CALX. BlackRock Inc. increased its holdings in shares of Calix by 45.9% in the 1st quarter. BlackRock Inc. now owns 7,446,078 shares of the communications equipment provider’s stock worth $319,511,000 after buying an additional 2,340,968 shares during the last quarter. Millennium Management LLC grew its holdings in Calix by 3,742.9% in the 4th quarter. Millennium Management LLC now owns 1,502,834 shares of the communications equipment provider’s stock worth $120,182,000 after acquiring an additional 1,463,727 shares during the last quarter. Vanguard Group Inc. grew its holdings in Calix by 35.2% in the 1st quarter. Vanguard Group Inc. now owns 5,586,440 shares of the communications equipment provider’s stock worth $239,713,000 after acquiring an additional 1,453,368 shares during the last quarter. Invesco Ltd. grew its holdings in Calix by 669.9% in the 4th quarter. Invesco Ltd. now owns 1,231,944 shares of the communications equipment provider’s stock worth $98,517,000 after acquiring an additional 1,071,936 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Calix by 58.5% in the 1st quarter. State Street Corp now owns 1,732,618 shares of the communications equipment provider’s stock worth $74,347,000 after purchasing an additional 639,780 shares during the period. Institutional investors own 81.28% of the company’s stock.

Calix Stock Up 2.9 %

CALX stock opened at $58.09 on Monday. Calix, Inc. has a twelve month low of $31.59 and a twelve month high of $80.95. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 10.02 and a beta of 1.79. The firm’s fifty day simple moving average is $54.00 and its two-hundred day simple moving average is $44.15.

Calix (NYSE:CALXGet Rating) last posted its quarterly earnings data on Monday, July 25th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Calix had a net margin of 28.95% and a return on equity of 8.02%. The business had revenue of $202.04 million for the quarter, compared to analysts’ expectations of $196.02 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts expect that Calix, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CALX. Craig Hallum raised their target price on shares of Calix from $62.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. TheStreet upgraded shares of Calix from a “c+” rating to a “b” rating in a research note on Wednesday, August 3rd. Northland Securities boosted their target price on shares of Calix from $55.00 to $65.00 in a research report on Tuesday, September 6th. Cowen lifted their price target on shares of Calix from $48.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Needham & Company LLC boosted their target price on shares of Calix from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $66.90.

Insider Buying and Selling

In other Calix news, Director Donald J. Listwin sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.20, for a total transaction of $2,037,000.00. Following the completion of the transaction, the director now directly owns 700,000 shares of the company’s stock, valued at approximately $40,740,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Matthew Collins sold 5,000 shares of Calix stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.31, for a total transaction of $291,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald J. Listwin sold 35,000 shares of Calix stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.20, for a total transaction of $2,037,000.00. Following the transaction, the director now directly owns 700,000 shares of the company’s stock, valued at $40,740,000. The disclosure for this sale can be found here. Insiders sold 76,000 shares of company stock worth $4,394,050 in the last three months. Corporate insiders own 16.64% of the company’s stock.

Calix Profile

(Get Rating)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

Featured Articles

Want to see what other hedge funds are holding CALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calix, Inc. (NYSE:CALXGet Rating).

Institutional Ownership by Quarter for Calix (NYSE:CALX)

Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.