Truvestments Capital LLC Has $82,000 Stake in Calix, Inc. (NYSE:CALX)

Truvestments Capital LLC lowered its stake in shares of Calix, Inc. (NYSE:CALX) by 63.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,458 shares of the communications equipment provider’s stock after selling 4,281 shares during the period. Truvestments Capital LLC’s holdings in Calix were worth $82,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Calix by 14.0% during the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after buying an additional 900,713 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Calix by 10.5% during the fourth quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider’s stock valued at $76,698,000 after buying an additional 166,695 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Calix by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,672,146 shares of the communications equipment provider’s stock valued at $73,057,000 after buying an additional 35,992 shares during the last quarter. TD Asset Management Inc raised its position 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 buying an additional 1,349,625 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Calix by 14.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,233,425 shares of the communications equipment provider’s stock valued at $53,888,000 after buying an additional 159,250 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Performance

Calix stock traded up $1.99 during trading hours on Friday, hitting $36.68. 777,566 shares of the stock were exchanged, compared to its average volume of 690,588. The stock has a market capitalization of $2.41 billion, a P/E ratio of 118.32 and a beta of 1.76. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $48.53. The business’s 50-day moving average is $34.88 and its two-hundred day moving average is $34.40.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Calix had a net margin of 0.52% and a return on equity of 4.17%. The firm had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $200.77 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was down 24.1% compared to the same quarter last year. On average, equities analysts predict that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CALX. JPMorgan Chase & Co. increased their price target on shares of Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Calix from a “hold” rating to a “sell” rating in a research report on Wednesday. Rosenblatt Securities increased their price target on shares of Calix from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm increased their price target on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $48.00 to $30.00 in a research report on Thursday, April 25th. 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 currently has an average rating of “Hold” and an average target price of $42.50.

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.