Calix, Inc. (NYSE:CALX) Holdings Increased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lifted its stake in Calix, Inc. (NYSE:CALX) by 52.0% in the first quarter, HoldingsChannel reports. The fund owned 10,450 shares of the communications equipment provider’s stock after purchasing an additional 3,575 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Calix were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CALX. Vanguard Group Inc. grew its stake in Calix by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,422,915 shares of the communications equipment provider’s stock valued at $280,617,000 after acquiring an additional 58,069 shares in the last quarter. Wellington Management Group LLP grew its stake in Calix by 10.5% during the 4th quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after acquiring an additional 166,695 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Calix by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,672,146 shares of the communications equipment provider’s stock valued at $73,057,000 after acquiring an additional 35,992 shares in the last quarter. TD Asset Management Inc grew its stake in Calix by 516.6% during the 4th quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after acquiring an additional 1,349,625 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Calix by 15.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after buying an additional 189,676 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Calix from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Monday, May 20th. Rosenblatt Securities reduced their price target on Calix from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Jefferies Financial Group lowered Calix from a “buy” rating to a “hold” rating and reduced their price target for the company from $48.00 to $30.00 in a report on Thursday, April 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $50.00 price target on shares of Calix in a report on Monday, April 22nd. One research 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, the stock presently has a consensus rating of “Hold” and an average target price of $40.50.

Calix Stock Performance

CALX opened at $35.43 on Friday. The business has a 50 day moving average price of $32.65 and a 200 day moving average price of $35.57. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $51.74. The firm has a market cap of $2.32 billion, a P/E ratio of 114.29 and a beta of 1.75.

Calix (NYSE:CALX) last posted its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Calix had a return on equity of 6.64% and a net margin of 2.19%. The firm had revenue of $226.31 million during the quarter, compared to analyst estimates of $228.01 million. As a group, analysts anticipate that Calix, Inc. will post -0.22 earnings per share for the current fiscal year.

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.