Yousif Capital Management LLC Trims Stake in Calix, Inc. (NYSE:CALX)

Yousif Capital Management LLC lessened its stake in Calix, Inc. (NYSE:CALX) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,225 shares of the communications equipment provider’s stock after selling 830 shares during the period. Yousif Capital Management LLC’s holdings in Calix were worth $1,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Calix by 194.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after buying an additional 1,011 shares during the period. Assetmark Inc. increased its stake in shares of Calix by 31.9% in the 3rd quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 382 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Calix in the 3rd quarter worth about $111,000. Handelsinvest Investeringsforvaltning purchased a new position in Calix during the fourth quarter worth approximately $142,000. Finally, Acadian Asset Management LLC purchased a new position in Calix during the third quarter worth approximately $188,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $50.00 target price on shares of Calix in a research report on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Calix in a research report on Tuesday, April 23rd. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Thursday. Craig Hallum decreased their price target on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group lowered Calix from a “buy” rating to a “hold” rating and cut their price objective for the stock from $48.00 to $30.00 in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.33.

Calix Price Performance

Calix stock opened at $29.57 on Friday. The firm has a 50 day simple moving average of $32.34 and a 200-day simple moving average of $36.81. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 95.39 and a beta of 1.72. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $53.90.

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.