Y Intercept Hong Kong Ltd Purchases 4,597 Shares of Calix, Inc. (NYSE:CALX)

Y Intercept Hong Kong Ltd raised its stake in Calix, Inc. (NYSE:CALX) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,592 shares of the communications equipment provider’s stock after acquiring an additional 4,597 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Calix were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CALX. DekaBank Deutsche Girozentrale purchased a new stake in shares of Calix in the third quarter worth $34,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Calix in the third quarter worth $39,000. Avior Wealth Management LLC grew its stake in shares of Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 358 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Calix by 42.1% during the third 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. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Down 2.8 %

Shares of CALX opened at $37.12 on Friday. The firm has a market cap of $2.46 billion, a PE ratio of -82.48 and a beta of 1.70. The firm has a fifty day simple moving average of $38.03 and a two-hundred day simple moving average of $36.65. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50.

Calix (NYSE:CALX) last announced its 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 net margin of 3.58% and a negative return on equity of 3.43%. As a group, research analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CALX. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

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.