Calix, Inc. (NYSE:CALX) Stock Holdings Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Calix, Inc. (NYSE:CALX) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,714 shares of the communications equipment provider’s stock after selling 3,336 shares during the period. Illinois Municipal Retirement Fund’s holdings in Calix were worth $1,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Calix in the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI bought a new stake in shares of Calix during the 3rd quarter valued at about $39,000. Avior Wealth Management LLC grew its position in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 1,078 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 358 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Calix by 42.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock valued at $68,000 after buying an additional 522 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now directly owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CALX shares. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Calix Stock Down 0.4 %

Calix stock opened at $36.97 on Monday. The firm has a 50-day moving average price of $38.06 and a two-hundred day moving average price of $36.64. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -82.15 and a beta of 1.70. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Research analysts expect that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix 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.