Maryland State Retirement & Pension System Has $720,000 Stock Position in Calix, Inc. (NYSE:CALX)

Maryland State Retirement & Pension System decreased its stake in shares of Calix, Inc. (NYSE:CALX) by 3.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,333 shares of the communications equipment provider’s stock after selling 791 shares during the period. Maryland State Retirement & Pension System’s holdings in Calix were worth $720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Asset Management Inc lifted its position 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 worth $70,380,000 after buying an additional 1,349,625 shares in the last quarter. Quantbot Technologies LP acquired a new position in Calix during the 1st quarter worth about $1,145,000. Epoch Investment Partners Inc. lifted its position in Calix by 23.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock worth $38,600,000 after buying an additional 219,699 shares in the last quarter. Congress Asset Management Co. MA lifted its position in Calix by 9.6% during the 4th quarter. Congress Asset Management Co. MA now owns 875,687 shares of the communications equipment provider’s stock worth $38,259,000 after buying an additional 76,546 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Calix during the 1st quarter worth about $724,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the sale, the director now directly owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.69% of the stock is currently owned by company insiders.

Calix Price Performance

Shares of CALX stock opened at $37.24 on Monday. The stock has a market cap of $2.45 billion, a PE ratio of 120.13 and a beta of 1.76. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $34.11. Calix, Inc. has a one year low of $26.76 and a one year high of $48.53.

Calix (NYSE:CALX) last announced its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $200.77 million. Calix had a return on equity of 4.17% and a net margin of 0.52%. Calix’s revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. As a group, research analysts anticipate that Calix, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CALX shares. JPMorgan Chase & Co. upped their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Rosenblatt Securities upped their target price on shares of Calix from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, August 20th. Finally, Craig Hallum upped their target price on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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.