Vanguard Group Inc. Has $291.77 Million Stock Holdings in Calix, Inc. (NYSE:CALX)

Vanguard Group Inc. raised its position in Calix, Inc. (NYSE:CALX) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,364,846 shares of the communications equipment provider’s stock after buying an additional 298,277 shares during the quarter. Vanguard Group Inc. owned 9.66% of Calix worth $291,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in Calix by 31.7% in the 2nd 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 in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Calix during the 4th quarter worth $45,000. Advisors Asset Management Inc. grew its holdings in shares of Calix by 102.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 996 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 503 shares in the last quarter. Quarry LP grew its holdings in shares of Calix by 483.2% during the 1st quarter. Quarry LP now owns 974 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 807 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Calix during the 4th quarter worth $54,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Up 2.6 %

Shares of CALX stock opened at $33.50 on Thursday. 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 $2.19 billion, a P/E ratio of 74.44 and a beta of 1.66. The business has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $39.48.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. As a group, equities research analysts anticipate that Calix, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

CALX has been the topic of several analyst reports. Rosenblatt Securities reduced their target price on Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC reduced 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. Two equities research 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 an average rating of “Moderate Buy” and a consensus target price of $54.60.

About Calix

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.