Calix, Inc. (NYSE:CALX) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Calix, Inc. (NYSE:CALX) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,139 shares of the communications equipment provider’s stock after buying an additional 2,231 shares during the quarter. Wellington Management Group LLP owned about 0.30% of Calix worth $7,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Divisar Capital Management LLC purchased a new position in shares of Calix during the 2nd quarter worth about $15,876,000. Congress Asset Management Co. increased its position in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock worth $60,725,000 after purchasing an additional 361,805 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Calix by 200.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock worth $13,364,000 after purchasing an additional 229,871 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Calix by 82.7% in the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after purchasing an additional 135,916 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in shares of Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after buying an additional 115,500 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALX has been the topic of several research reports. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Price Performance

NYSE:CALX opened at $35.11 on Monday. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The business’s 50-day moving average is $34.96 and its two-hundred day moving average is $35.93. The firm has a market capitalization of $2.33 billion, a PE ratio of -146.29 and a beta of 1.70.

Calix (NYSE:CALX) last posted its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The company’s revenue for the quarter was down 23.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Equities analysts anticipate that Calix, Inc. will post -0.34 EPS for the current 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.