Commonwealth Equity Services LLC Sells 2,106 Shares of Calix, Inc. (NYSE:CALX)

Commonwealth Equity Services LLC lessened its holdings in Calix, Inc. (NYSE:CALX) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,425 shares of the communications equipment provider’s stock after selling 2,106 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Calix were worth $476,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Calix in the 1st quarter valued at approximately $48,000. TFO Wealth Partners LLC raised its position in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after acquiring an additional 1,103 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock valued at $89,000 after acquiring an additional 303 shares during the period. Assetmark Inc. raised its position in shares of Calix by 41.5% in the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 655 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Calix by 18.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 348 shares during the period. Institutional investors own 98.14% of the company’s stock.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the transaction, the director now directly owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.69% of the stock is owned by company insiders.

Calix Stock Up 1.2 %

NYSE CALX opened at $39.10 on Friday. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $47.15. The company has a market capitalization of $2.56 billion, a PE ratio of 126.13 and a beta of 1.74. The firm’s 50 day moving average is $36.96 and its 200-day moving average is $34.28.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Calix had a net margin of 0.52% and a return on equity of 4.17%. The company had revenue of $198.14 million for the quarter, compared to the consensus estimate of $200.77 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was down 24.1% compared to the same quarter last year. As a group, sell-side analysts expect that Calix, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

CALX has been the topic of a number of analyst reports. Rosenblatt Securities increased their price target on shares of Calix from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Craig Hallum raised their target price on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Roth Mkm raised their target price on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a report on Wednesday. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.

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.