Swiss National Bank Raises Stake in Calix, Inc. (NYSE:CALX)

Swiss National Bank grew its stake in shares of Calix, Inc. (NYSE:CALX) by 1.7% in the first quarter, Holdings Channel reports. The firm owned 127,100 shares of the communications equipment provider’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank’s holdings in Calix were worth $4,405,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CALX. Nisa Investment Advisors LLC raised its holdings in shares of Calix by 16.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the communications equipment provider’s stock valued at $62,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Calix by 4.3% in the fourth quarter. Arizona State Retirement System now owns 16,031 shares of the communications equipment provider’s stock valued at $477,000 after acquiring an additional 655 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Calix by 55.4% in the fourth quarter. Victory Capital Management Inc. now owns 32,384 shares of the communications equipment provider’s stock valued at $964,000 after acquiring an additional 11,543 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Calix in the fourth quarter valued at about $423,000. Finally, First Trust Advisors LP bought a new position in Calix in the fourth quarter worth about $4,765,000. Hedge funds and other institutional investors own 79.27% of the company’s stock.

In other Calix news, Director J Daniel Plants sold 275,000 shares of Calix stock in a transaction on Friday, May 7th. The shares were sold at an average price of $46.81, for a total value of $12,872,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.64% of the company’s stock.

Shares of Calix stock opened at $45.91 on Friday. The business’s fifty day simple moving average is $43.26. Calix, Inc. has a 1 year low of $12.53 and a 1 year high of $48.78. The stock has a market capitalization of $2.89 billion, a PE ratio of 49.37 and a beta of 1.56.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, April 27th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.20. Calix had a net margin of 10.15% and a return on equity of 29.40%. The firm had revenue of $162.07 million during the quarter, compared to analysts’ expectations of $150.46 million. The business’s revenue for the quarter was up 59.4% on a year-over-year basis. Analysts expect that Calix, Inc. will post 0.81 EPS for the current year.

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Calix from $40.00 to $52.00 in a report on Wednesday, April 7th. BWS Financial assumed coverage on shares of Calix in a report on Monday, March 29th. They set a “sell” rating and a $13.00 price objective on the stock. Craig Hallum upped their price objective on shares of Calix from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, April 29th. Northland Securities upped their price objective on shares of Calix from $30.00 to $37.00 in a report on Thursday, April 29th. Finally, Zacks Investment Research downgraded shares of Calix from a “buy” rating to a “hold” rating in a report on Tuesday, April 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.57.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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