Calix, Inc. (NYSE:CALX) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Calix, Inc. (NYSE:CALX) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,300 shares of the communications equipment provider’s stock after purchasing an additional 4,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Calix were worth $749,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of Calix by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock valued at $1,038,000 after purchasing an additional 300 shares during the period. Portside Wealth Group LLC boosted its position in shares of Calix by 4.4% in 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 during the period. Nisa Investment Advisors LLC boosted 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 purchasing an additional 303 shares during the period. Victory Capital Management Inc. boosted its position in shares of Calix by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 20,262 shares of the communications equipment provider’s stock valued at $718,000 after purchasing an additional 654 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of Calix by 2.8% in the 2nd quarter. WINTON GROUP Ltd now owns 26,942 shares of the communications equipment provider’s stock valued at $955,000 after purchasing an additional 733 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Tuesday, September 10th. Roth Mkm upped their price objective on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Craig Hallum upped their price objective on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Trading Up 3.9 %

Shares of CALX stock opened at $38.22 on Friday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 637.00 and a beta of 1.74. The stock has a 50 day simple moving average of $37.19 and a 200-day simple moving average of $34.66. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.99.

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

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.