Inspire Investing LLC Increases Stock Holdings in Calix, Inc. (NYSE:CALX)

Inspire Investing LLC raised its holdings in Calix, Inc. (NYSE:CALX) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,613 shares of the communications equipment provider’s stock after buying an additional 978 shares during the quarter. Inspire Investing LLC’s holdings in Calix were worth $405,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Calix by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider’s stock valued at $63,546,000 after purchasing an additional 45,656 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Calix by 30.1% in 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 during the last quarter. Geode Capital Management LLC lifted its stake 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 during the period. Charles Schwab Investment Management Inc. grew 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 valued at $23,318,000 after buying an additional 12,637 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Calix by 5.2% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider’s stock valued at $21,734,000 after acquiring an additional 27,900 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CALX. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, October 29th. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Calix Stock Down 0.9 %

CALX opened at $39.19 on Friday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $44.82. The firm’s fifty day simple moving average is $35.10 and its two-hundred day simple moving average is $36.18. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -163.30 and a beta of 1.68.

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