Calix, Inc. (NYSE:CALX) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its holdings in Calix, Inc. (NYSE:CALX) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,164,049 shares of the communications equipment provider’s stock after acquiring an additional 219,699 shares during the period. Epoch Investment Partners Inc. owned approximately 1.78% of Calix worth $38,600,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. TD Asset Management Inc boosted its stake in shares of Calix by 516.6% in the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after purchasing an additional 1,349,625 shares during the period. Vanguard Group Inc. boosted its stake in shares of Calix by 14.0% in the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after purchasing an additional 900,713 shares during the period. Norges Bank purchased a new position in shares of Calix in the fourth quarter valued at $26,483,000. Assenagon Asset Management S.A. boosted its stake in shares of Calix by 175.1% in the first quarter. Assenagon Asset Management S.A. now owns 607,001 shares of the communications equipment provider’s stock valued at $20,128,000 after purchasing an additional 386,318 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in shares of Calix by 19.4% in the first quarter. Congress Asset Management Co. MA now owns 1,045,867 shares of the communications equipment provider’s stock valued at $34,681,000 after purchasing an additional 170,180 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Up 5.7 %

Shares of NYSE:CALX traded up $1.99 on Friday, reaching $36.68. 777,566 shares of the company’s stock were exchanged, compared to its average volume of 690,588. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 118.32 and a beta of 1.76. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $48.53. The business’s 50-day moving average is $34.88 and its two-hundred day moving average is $34.40.

Calix (NYSE:CALX) last issued its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.17%. The firm’s revenue was down 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Analysts predict that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CALX shares. Roth Mkm upped their target price on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Tuesday, July 23rd. Craig Hallum increased their price objective on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Calix presently has a consensus rating of “Hold” and an average target price of $42.50.

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.