Dimensional Fund Advisors LP Acquires 45,656 Shares of Calix, Inc. (NYSE:CALX)

Dimensional Fund Advisors LP grew its holdings in Calix, Inc. (NYSE:CALX) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,793,545 shares of the communications equipment provider’s stock after buying an additional 45,656 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.74% of Calix worth $63,546,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. TFO Wealth Partners LLC lifted its position in shares of Calix by 13,787.5% during the fourth quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 1,103 shares in the last quarter. Headlands Technologies LLC acquired a new position in Calix during the 1st quarter worth $48,000. Assetmark Inc. boosted its position in 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 buying an additional 655 shares during the last quarter. Nisa Investment Advisors LLC increased its stake 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 buying an additional 303 shares during the period. Finally, EntryPoint Capital LLC increased its stake in shares of Calix by 8,924.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock valued at $123,000 after buying an additional 3,659 shares during the period. 98.14% of the stock is owned by institutional investors.

Calix Stock Performance

Shares of NYSE:CALX opened at $38.48 on Friday. The company has a 50 day moving average price of $37.20 and a two-hundred day moving average price of $34.39. The company has a market capitalization of $2.52 billion, a PE ratio of 124.13 and a beta of 1.74. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $47.15.

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

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the sale, the director now directly owns 3,723,381 shares in the company, valued at $139,850,190.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CALX shares. JPMorgan Chase & Co. upped their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Craig Hallum increased their price objective on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Roth Mkm lifted 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. Rosenblatt Securities increased their price target on Calix from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.