Quadrant Capital Group LLC Grows Stock Holdings in Calix, Inc. (NYSE:CALX)

Quadrant Capital Group LLC lifted its stake in Calix, Inc. (NYSE:CALX) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,232 shares of the communications equipment provider’s stock after acquiring an additional 348 shares during the period. Quadrant Capital Group LLC’s holdings in Calix were worth $98,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Calix by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock worth $291,765,000 after purchasing an additional 298,277 shares during the period. Wellington Management Group LLP increased its stake in Calix by 24.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock worth $72,831,000 after acquiring an additional 313,380 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Calix in the 4th quarter valued at about $18,165,000. Mesirow Institutional Investment Management Inc. boosted its position in shares of Calix by 15.2% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 401,454 shares of the communications equipment provider’s stock valued at $17,540,000 after acquiring an additional 52,882 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Calix by 15.3% during the third quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock worth $65,534,000 after purchasing an additional 189,676 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CALX has been the subject of several research analyst reports. Rosenblatt Securities dropped their target price on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Monday, May 20th. Jefferies Financial Group lowered Calix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $48.00 to $30.00 in a research note on Thursday, April 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $50.00 price objective on shares of Calix in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.50.

Calix Trading Up 0.3 %

Shares of NYSE:CALX opened at $32.75 on Friday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 105.65 and a beta of 1.72. The stock’s 50-day moving average price is $31.01 and its 200-day moving average price is $36.07. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $53.90.

Calix (NYSE:CALX) last issued its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $226.31 million for the quarter, compared to analysts’ expectations of $228.01 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. As a group, research analysts predict that Calix, Inc. will post -0.22 EPS for the current year.

Calix Company Profile

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.