US Bancorp DE Boosts Position in Calix, Inc. (NYSE:CALX)

US Bancorp DE lifted its holdings in shares of Calix, Inc. (NYSE:CALX) by 399.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,672 shares of the communications equipment provider’s stock after acquiring an additional 4,536 shares during the quarter. US Bancorp DE’s holdings in Calix were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp lifted its position in shares of Calix by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 51,305 shares of the communications equipment provider’s stock worth $1,701,000 after purchasing an additional 1,000 shares during the period. Inspire Investing LLC raised its stake in Calix by 22.8% in the first quarter. Inspire Investing LLC now owns 10,740 shares of the communications equipment provider’s stock worth $356,000 after buying an additional 1,996 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Calix in the first quarter worth about $48,000. Russell Investments Group Ltd. boosted its position in Calix by 24.3% during the 1st quarter. Russell Investments Group Ltd. now owns 132,990 shares of the communications equipment provider’s stock valued at $4,410,000 after acquiring an additional 25,980 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Calix by 8.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,233 shares of the communications equipment provider’s stock worth $605,000 after acquiring an additional 1,350 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CALX shares. Roth Mkm lifted their price target on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Craig Hallum increased their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Calix Price Performance

Shares of Calix stock opened at $30.13 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -125.54 and a beta of 1.75. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $45.15. The firm’s 50-day moving average is $36.74 and its 200 day moving average is $35.56.

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 the consensus estimate of $0.09 by $0.04. The firm had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business’s revenue was down 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Calix, Inc. will post -0.34 EPS for the current fiscal 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.