Sei Investments Co. Trims Stock Holdings in Calix, Inc. (NYSE:CALX)

Sei Investments Co. reduced its holdings in shares of Calix, Inc. (NYSE:CALX) by 1.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 76,082 shares of the communications equipment provider’s stock after selling 1,465 shares during the quarter. Sei Investments Co.’s holdings in Calix were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Calix during the 1st quarter valued at $1,145,000. Epoch Investment Partners Inc. raised its stake in shares of 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 valued at $38,600,000 after purchasing an additional 219,699 shares during the period. Congress Asset Management Co. MA raised its stake in shares of 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 valued at $38,259,000 after purchasing an additional 76,546 shares during the period. FORA Capital LLC purchased a new stake in shares of Calix in the first quarter worth about $724,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Calix in the first quarter worth about $669,000. 98.14% of the stock is owned by institutional investors.

Calix Stock Up 1.4 %

CALX opened at $37.73 on Friday. The business’s fifty day simple moving average is $37.40 and its 200 day simple moving average is $34.50. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $46.29. The stock has a market cap of $2.47 billion, a PE ratio of 121.35 and a beta of 1.74.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, beating 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 return on equity of 4.17% and a net margin of 0.52%. Calix’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. As a group, equities analysts anticipate that Calix, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Tuesday, September 10th. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Craig Hallum raised their price target on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total transaction of $939,000.00. Following the transaction, the director now owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.69% of the company’s stock.

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.