Baillie Gifford & Co. Has $464,000 Stake in Calix, Inc. (NYSE:CALX)

Baillie Gifford & Co. decreased its position in shares of Calix, Inc. (NYSE:CALX) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,308 shares of the communications equipment provider’s stock after selling 1,457 shares during the period. Baillie Gifford & Co.’s holdings in Calix were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Congress Asset Management Co. increased its holdings in shares of Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock worth $60,725,000 after buying an additional 361,805 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Calix by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock worth $51,661,000 after buying an additional 14,725 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Calix by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider’s stock worth $23,318,000 after buying an additional 12,637 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Calix by 5.2% in the third quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider’s stock valued at $21,734,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Calix by 34.8% in the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock valued at $15,921,000 after purchasing an additional 105,969 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CALX. JPMorgan Chase & Co. raised their price target on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Stock Performance

Shares of Calix stock opened at $39.65 on Wednesday. The firm has a fifty day moving average of $37.57 and a two-hundred day moving average of $36.57. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -88.11 and a beta of 1.70. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $42.50.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, research analysts forecast that Calix, Inc. will post -0.43 EPS 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.