Calix, Inc. (NYSE:CALX) Shares Purchased by Diversified Trust Co

Diversified Trust Co raised its position in Calix, Inc. (NYSE:CALX) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,030 shares of the communications equipment provider’s stock after acquiring an additional 1,845 shares during the quarter. Diversified Trust Co’s holdings in Calix were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CALX. GAMMA Investing LLC grew its holdings in Calix by 187.9% during 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 purchased a new position in Calix in the 3rd quarter valued at about $34,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Calix during the third quarter valued at about $39,000. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after acquiring 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

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Calix Trading Down 4.9 %

CALX stock opened at $36.30 on Friday. The stock’s 50 day simple moving average is $34.07 and its 200 day simple moving average is $35.94. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market cap of $2.41 billion, a P/E ratio of -151.25 and a beta of 1.68.

Calix (NYSE:CALX) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was down 23.8% compared to the same quarter last year. On average, research analysts forecast that Calix, Inc. will post -0.34 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.