Dimensional Fund Advisors LP Grows Holdings in Calix, Inc. (NYSE:CALX)

Dimensional Fund Advisors LP increased its stake in shares of Calix, Inc. (NYSE:CALX) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,672,146 shares of the communications equipment provider’s stock after buying an additional 35,992 shares during the period. Dimensional Fund Advisors LP’s holdings in Calix were worth $73,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CALX. Artisan Partners Limited Partnership grew its stake in shares of Calix by 106.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,074,175 shares of the communications equipment provider’s stock worth $49,240,000 after acquiring an additional 554,003 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Calix during the fourth quarter worth approximately $18,165,000. William Blair Investment Management LLC acquired a new position in Calix during the 3rd quarter worth approximately $17,131,000. Wellington Management Group LLP increased its position in shares of 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 valued at $72,831,000 after purchasing an additional 313,380 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its position in shares of Calix by 33.6% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,221,500 shares of the communications equipment provider’s stock worth $55,994,000 after purchasing an additional 307,400 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CALX shares. Jefferies Financial Group downgraded Calix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $48.00 to $30.00 in a report on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Monday, May 20th. StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Rosenblatt Securities dropped their target price on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Craig Hallum cut 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.50.

Calix Stock Performance

NYSE CALX opened at $32.75 on Friday. Calix, Inc. has a one year low of $26.76 and a one year high of $53.90. The firm has a market cap of $2.15 billion, a PE ratio of 105.65 and a beta of 1.72. The firm’s fifty day moving average is $31.01 and its two-hundred day moving average is $36.07.

Calix (NYSE:CALX) last released its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Calix had a return on equity of 6.64% and a net margin of 2.19%. The business had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. Research analysts predict that Calix, Inc. will post -0.22 earnings per share 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.