Calix, Inc. (NYSE:CALX) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in Calix, Inc. (NYSE:CALXFree Report) by 169.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,677 shares of the communications equipment provider’s stock after buying an additional 109,769 shares during the period. New York State Common Retirement Fund owned about 0.27% of Calix worth $8,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CALX. Advisor Group Holdings Inc. boosted its position in shares of Calix by 7.5% in the first quarter. Advisor Group Holdings Inc. now owns 8,213 shares of the communications equipment provider’s stock worth $353,000 after buying an additional 573 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Calix by 205.3% during the first quarter. JPMorgan Chase & Co. now owns 156,166 shares of the communications equipment provider’s stock worth $6,700,000 after acquiring an additional 105,006 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Calix during the first quarter worth $758,000. PNC Financial Services Group Inc. raised its holdings 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 worth $59,000 after acquiring an additional 1,246 shares in the last quarter. Finally, AlphaCrest Capital Management LLC raised its holdings in shares of Calix by 167.1% during the first quarter. AlphaCrest Capital Management LLC now owns 7,380 shares of the communications equipment provider’s stock worth $317,000 after acquiring an additional 4,617 shares in the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Calix Stock Up 1.1 %

CALX stock opened at $34.64 on Friday. Calix, Inc. has a twelve month low of $31.64 and a twelve month high of $56.47. The company has a market cap of $2.28 billion, a PE ratio of 76.98 and a beta of 1.64. The business’s 50-day simple moving average is $41.27 and its 200 day simple moving average is $41.56.

Calix (NYSE:CALXGet Free Report) last released its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. Calix had a return on equity of 7.91% and a net margin of 3.06%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. On average, equities research analysts anticipate that Calix, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CALX shares. Rosenblatt Securities cut their price objective on Calix from $57.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Roth Mkm cut their target price on Calix from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Needham & Company LLC cut their target price on Calix from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on Calix from $51.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Finally, StockNews.com downgraded Calix from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.60.

View Our Latest Stock Report on Calix

Calix Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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