Commonwealth Equity Services LLC boosted its holdings in shares of Calix, Inc. (NYSE:CALX – Get Rating) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,424 shares of the communications equipment provider’s stock after purchasing an additional 266 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Calix were worth $371,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund increased its position in Calix by 132.8% during the third quarter. New York State Common Retirement Fund now owns 137,371 shares of the communications equipment provider’s stock valued at $8,399,000 after acquiring an additional 78,353 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Calix by 19.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,178 shares of the communications equipment provider’s stock worth $500,000 after purchasing an additional 1,308 shares during the last quarter. Mach 1 Financial Group LLC bought a new position in shares of Calix in the fourth quarter worth about $558,000. Creative Planning bought a new position in shares of Calix in the third quarter worth about $240,000. Finally, Gladstone Institutional Advisory LLC bought a new position in shares of Calix in the fourth quarter worth about $201,000. Institutional investors own 81.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Calix in a report on Friday, May 19th. They issued a “neutral” rating and a $49.00 price target on the stock. Rosenblatt Securities dropped their target price on shares of Calix from $75.00 to $70.00 in a report on Friday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $88.00 target price on shares of Calix in a report on Thursday, April 20th. StockNews.com assumed coverage on shares of Calix in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, TheStreet cut shares of Calix from a “b-” rating to a “c+” rating in a report on Monday, January 30th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average target price of $76.50.
Insiders Place Their Bets
In other Calix news, insider John Matthew Collins sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.10, for a total transaction of $220,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.69% of the company’s stock.
Calix Price Performance
NYSE CALX opened at $45.26 on Tuesday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 74.20 and a beta of 1.55. The firm’s 50-day moving average is $48.23 and its two-hundred day moving average is $56.32. Calix, Inc. has a 12 month low of $31.59 and a 12 month high of $77.44.
About Calix
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Calix, Inc provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.
Further Reading
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