Charles Schwab Investment Management Inc. Grows Holdings in Calix, Inc. (NYSE:CALX)

Charles Schwab Investment Management Inc. lifted its stake in Calix, Inc. (NYSE:CALX) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,146 shares of the communications equipment provider’s stock after purchasing an additional 12,637 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Calix were worth $23,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of CALX. Price T Rowe Associates Inc. MD lifted its holdings in Calix by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,624 shares of the communications equipment provider’s stock worth $1,182,000 after purchasing an additional 2,097 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Calix by 123.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,943 shares of the communications equipment provider’s stock worth $281,000 after acquiring an additional 4,384 shares in the last quarter. LVW Advisors LLC purchased a new stake in Calix during the second quarter valued at approximately $208,000. Diversified Trust Co raised its stake in Calix by 11.4% in the second quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider’s stock valued at $355,000 after buying an additional 1,026 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in Calix by 4.4% during the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after purchasing an additional 301 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Down 2.8 %

Shares of Calix stock opened at $32.77 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -140.42 and a beta of 1.70. 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 $35.45 and its 200-day simple moving average is $35.81.

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

Wall Street Analyst Weigh In

CALX has been the topic of several recent research reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

About Calix

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.