Thompson Investment Management Inc. Boosts Holdings in Calix, Inc. (NYSE:CALX)

Thompson Investment Management Inc. lifted its position in shares of Calix, Inc. (NYSE:CALX) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 90,940 shares of the communications equipment provider’s stock after purchasing an additional 4,000 shares during the quarter. Thompson Investment Management Inc.’s holdings in Calix were worth $3,171,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Calix in the third quarter worth $34,000. Arcadia Investment Management Corp MI bought a new position in shares of Calix in the third quarter worth $39,000. Avior Wealth Management LLC grew its stake in shares of Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Calix Stock Performance

Shares of CALX opened at $41.08 on Friday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50. The business’s fifty day moving average is $36.62 and its 200-day moving average is $36.46. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -91.28 and a beta of 1.70.

Calix (NYSE:CALX) last announced 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 return on equity of 3.43% and a negative net margin of 3.58%. 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.