Wipfli Financial Advisors LLC Takes Position in Calix, Inc. (NYSE:CALX)

Wipfli Financial Advisors LLC acquired a new stake in shares of Calix, Inc. (NYSE:CALX – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 501 shares of the communications equipment provider’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CALX. Captrust Financial Advisors increased its position in shares of Calix by 31.7% during the second quarter. Captrust Financial Advisors now owns 847 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 204 shares during the period. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $59,000 after buying an additional 1,246 shares during the period. Dark Forest Capital Management LP increased its position in shares of 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 valued at $65,000 after buying an additional 580 shares during the period. Point72 Hong Kong Ltd increased its position in shares of Calix by 34.7% during the first quarter. Point72 Hong Kong Ltd now owns 1,866 shares of the communications equipment provider’s stock valued at $80,000 after buying an additional 481 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Calix during the first quarter valued at about $85,000. 81.90% of the stock is owned by institutional investors.

Calix Stock Performance

Shares of NYSE CALX opened at $57.36 on Friday. The firm’s 50 day moving average price is $67.95 and its 200-day moving average price is $60.81. The company has a market cap of $3.75 billion, a PE ratio of 80.79 and a beta of 1.63. Calix, Inc. has a 52-week low of $31.59 and a 52-week high of $77.44.

Calix (NYSE:CALX – Get Rating) last issued 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 firm had revenue of $236.33 million for the quarter, compared to the consensus estimate of $215.25 million. Calix had a net margin of 6.12% and a return on equity of 6.91%. The business’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, analysts forecast that Calix, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Transactions at Calix

In related news, EVP John Matthew Collins sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $70.65, for a total transaction of $353,250.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Calix news, CFO Cory Sindelar sold 3,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $74.52, for a total value of $223,560.00. Following the transaction, the chief financial officer now directly owns 69,848 shares in the company, valued at $5,205,072.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Matthew Collins sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $70.65, for a total transaction of $353,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,176 shares of company stock worth $2,346,735. Corporate insiders own 16.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CALX shares. Roth Capital started coverage on shares of Calix in a research report on Monday, October 3rd. They set a “buy” rating on the stock. StockNews.com started coverage on shares of Calix in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Northland Securities upped their price objective on shares of Calix from $80.00 to $85.00 in a report on Monday, December 5th. Cowen upped their price objective on shares of Calix from $71.00 to $90.00 in a report on Wednesday, October 26th. Finally, Cowen upped their price objective on shares of Calix from $71.00 to $90.00 in a report on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Calix currently has a consensus rating of “Moderate Buy” and an average price target of $81.22.

Calix Company 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.