Creative Planning Takes Position in Calix, Inc. (NYSE:CALX)

Creative Planning acquired a new stake in shares of Calix, Inc. (NYSE:CALX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,482 shares of the communications equipment provider’s stock, valued at approximately $513,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CALX. Headlands Technologies LLC bought a new stake in Calix in the first quarter worth $48,000. Nisa Investment Advisors LLC increased its position in Calix by 13.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after purchasing an additional 303 shares during the last quarter. EntryPoint Capital LLC increased its position in Calix by 8,924.4% in the first quarter. EntryPoint Capital LLC now owns 3,700 shares of the communications equipment provider’s stock worth $123,000 after purchasing an additional 3,659 shares during the last quarter. LVW Advisors LLC bought a new stake in Calix in the second quarter worth $208,000. Finally, Qsemble Capital Management LP bought a new stake in Calix in the second quarter worth $220,000. Institutional investors own 98.14% of the company’s stock.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CALX. Roth Mkm boosted their price target on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. 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. 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 price objective on shares of Calix in a research report on Tuesday, September 10th. Finally, Craig Hallum boosted their price objective on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Calix Stock Down 0.0 %

CALX stock opened at $38.21 on Tuesday. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.99. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 123.26 and a beta of 1.74. The firm’s fifty day simple moving average is $37.23 and its two-hundred day simple moving average is $34.71.

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, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $198.14 million during the quarter, compared to analyst estimates of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.17%. The business’s revenue was down 24.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, equities research analysts expect that Calix, Inc. will post -0.36 EPS for the current year.

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.