Congress Wealth Management LLC DE Has $5.83 Million Stock Holdings in Calix, Inc. (NYSE:CALX)

Congress Wealth Management LLC DE grew its position in shares of Calix, Inc. (NYSE:CALX) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,807 shares of the communications equipment provider’s stock after buying an additional 51,084 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.27% of Calix worth $5,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CALX. TD Asset Management Inc grew its stake in shares of Calix by 516.6% during the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after purchasing an additional 1,349,625 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Calix by 4.9% during the third quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock valued at $291,765,000 after purchasing an additional 298,277 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Calix by 24.6% during the third quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after purchasing an additional 313,380 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Calix during the fourth quarter valued at approximately $18,165,000. Finally, Congress Asset Management Co. MA grew its stake in shares of Calix by 9.6% during the fourth 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 last quarter. 98.14% of the stock is owned by institutional investors.

Calix Price Performance

CALX traded down $0.56 during mid-day trading on Monday, hitting $34.87. The stock had a trading volume of 470,684 shares, compared to its average volume of 871,139. The stock’s fifty day simple moving average is $32.76 and its 200-day simple moving average is $35.42. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 112.48 and a beta of 1.76. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $51.74.

Calix (NYSE:CALX) last posted its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. As a group, research analysts expect that Calix, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on CALX shares. Rosenblatt Securities decreased their price target on shares of Calix from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Calix in a research note on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Monday, May 20th. Jefferies Financial Group cut shares of Calix from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Finally, Craig Hallum reduced their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.50.

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.