36,230 Shares in Calix, Inc. (NYSE:CALX) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of Calix, Inc. (NYSE:CALX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,230 shares of the communications equipment provider’s stock, valued at approximately $1,201,000. GSA Capital Partners LLP owned about 0.06% of Calix at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CALX. TFO Wealth Partners LLC lifted its holdings in Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,103 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Calix by 18.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 348 shares during the last quarter. Assetmark Inc. grew its stake in Calix by 41.5% during the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 655 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Calix in the 4th quarter valued at about $142,000. Finally, Private Advisor Group LLC purchased a new position in Calix in the 4th quarter worth approximately $248,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CALX. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Monday, May 20th. Jefferies Financial Group lowered Calix from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $30.00 in a report on Thursday, April 25th. StockNews.com lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Roth Mkm reaffirmed a “buy” rating and set a $50.00 target price on shares of Calix in a research note on Monday, April 22nd. Finally, Craig Hallum dropped their price target on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Calix presently has an average rating of “Hold” and a consensus target price of $40.50.

Calix Stock Down 0.7 %

Shares of CALX traded down $0.23 during trading on Wednesday, reaching $33.40. 58,789 shares of the company traded hands, compared to its average volume of 846,025. The stock has a 50-day simple moving average of $33.50 and a 200-day simple moving average of $35.07. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $51.74. The stock has a market cap of $2.19 billion, a PE ratio of 108.48 and a beta of 1.76.

Calix (NYSE:CALX) last announced its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. Calix had a return on equity of 6.64% and a net margin of 2.19%. On average, equities research analysts predict that Calix, Inc. will post -0.22 EPS for the current year.

Calix Company 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.