New York State Teachers Retirement System Purchases 16,873 Shares of Calix, Inc. (NYSE:CALX)

New York State Teachers Retirement System lifted its position in shares of Calix, Inc. (NYSE:CALXGet Rating) by 41.7% during the third quarter, Holdings Channel.com reports. The firm owned 57,353 shares of the communications equipment provider’s stock after buying an additional 16,873 shares during the quarter. New York State Teachers Retirement System’s holdings in Calix were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CALX. Captrust Financial Advisors grew its position in Calix by 31.7% during the second quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 204 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Calix during the third quarter worth approximately $31,000. PNC Financial Services Group Inc. grew its position in Calix by 865.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,390 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 1,246 shares in the last quarter. Dark Forest Capital Management LP grew its position in Calix by 43.4% during the second quarter. Dark Forest Capital Management LP now owns 1,916 shares of the communications equipment provider’s stock worth $65,000 after buying an additional 580 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its position in Calix by 34.7% during the first quarter. Point72 Hong Kong Ltd now owns 1,866 shares of the communications equipment provider’s stock worth $80,000 after buying an additional 481 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Calix Stock Performance

Shares of CALX opened at $64.28 on Tuesday. Calix, Inc. has a 52 week low of $31.59 and a 52 week high of $77.44. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 90.54 and a beta of 1.63. The stock has a fifty day moving average of $68.34 and a 200-day moving average of $60.65.

Calix (NYSE:CALXGet Rating) last announced its earnings results on Monday, October 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $215.25 million. Calix had a return on equity of 6.91% and a net margin of 6.12%. Calix’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, equities analysts forecast that Calix, Inc. will post 0.44 EPS for the current year.

Insider Buying and Selling

In other news, EVP John Matthew Collins sold 5,000 shares of Calix stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $70.65, for a total value of $353,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Matthew Collins sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $70.65, for a total value of $353,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen M. Crusco sold 24,176 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $73.21, for a total transaction of $1,769,924.96. Following the sale, the director now directly owns 54,705 shares in the company, valued at approximately $4,004,953.05. The disclosure for this sale can be found here. Insiders sold a total of 32,176 shares of company stock valued at $2,346,735 in the last three months. Insiders own 16.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Roth Capital assumed coverage on Calix in a research report on Monday, October 3rd. They set a “buy” rating on the stock. Rosenblatt Securities raised their target price on Calix from $75.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, October 26th. Craig Hallum raised their target price on Calix from $69.00 to $95.00 in a report on Wednesday, October 26th. Needham & Company LLC raised their target price on Calix from $82.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, December 22nd. Finally, StockNews.com began coverage on Calix in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

Calix Profile

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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.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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