Intech Investment Management LLC Takes Position in Calix, Inc. (NYSE:CALX)

Intech Investment Management LLC purchased a new position in shares of Calix, Inc. (NYSE:CALX) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 14,148 shares of the communications equipment provider’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares in the last quarter. Meeder Asset Management Inc. increased its position in Calix by 102.5% during the third quarter. Meeder Asset Management Inc. now owns 13,026 shares of the communications equipment provider’s stock worth $505,000 after buying an additional 6,592 shares during the period. Pathstone Holdings LLC lifted its stake in Calix by 18.4% in the third quarter. Pathstone Holdings LLC now owns 48,445 shares of the communications equipment provider’s stock valued at $1,879,000 after buying an additional 7,521 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Calix in the third quarter valued at approximately $2,041,000. Finally, Atria Investments Inc purchased a new position in shares of Calix during the third quarter worth approximately $258,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Up 1.2 %

Shares of Calix stock opened at $32.53 on Monday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -135.54 and a beta of 1.75. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15. The company’s 50-day simple moving average is $35.78 and its 200-day simple moving average is $35.77.

Calix (NYSE:CALX) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to the consensus estimate of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The company’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. Equities research analysts anticipate that Calix, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on CALX shares. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.