Koshinski Asset Management Inc. Purchases Shares of 20,175 Calix, Inc. (NYSE:CALX)

Koshinski Asset Management Inc. purchased a new stake in Calix, Inc. (NYSE:CALX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,175 shares of the communications equipment provider’s stock, valued at approximately $669,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Calix by 24.6% in the 3rd 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 period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Calix by 95.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 19,526 shares of the communications equipment provider’s stock worth $895,000 after buying an additional 9,518 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Calix by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock worth $291,765,000 after buying an additional 298,277 shares during the last quarter. Dfpg Investments LLC bought a new stake in shares of Calix during the 4th quarter worth $260,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Calix during the 4th quarter worth $142,000. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Calix Stock Performance

NYSE:CALX traded up $0.23 during trading hours on Friday, reaching $36.33. The stock had a trading volume of 29,858 shares, compared to its average volume of 839,467. The stock has a 50 day simple moving average of $34.32 and a 200 day simple moving average of $34.80. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $50.87. The stock has a market cap of $2.38 billion, a P/E ratio of 117.55 and a beta of 1.76.

Calix (NYSE:CALX) last announced its quarterly earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $226.31 million during the quarter, compared to analysts’ expectations of $228.01 million. Calix had a return on equity of 6.64% and a net margin of 2.19%. On average, equities analysts expect that Calix, Inc. will post -0.27 earnings per share for the current fiscal year.

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.