Rhumbline Advisers Has $5.88 Million Holdings in Calix, Inc. (NYSE:CALX)

Rhumbline Advisers raised its holdings in Calix, Inc. (NYSE:CALX) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,531 shares of the communications equipment provider’s stock after purchasing an additional 2,238 shares during the period. Rhumbline Advisers’ holdings in Calix were worth $5,877,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. raised its stake in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock worth $60,725,000 after acquiring an additional 361,805 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Calix by 200.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock worth $13,364,000 after buying an additional 229,871 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Calix by 34.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after acquiring an additional 105,969 shares during the period. HighTower Advisors LLC bought a new position in shares of Calix in the 3rd quarter worth about $3,513,000. Finally, Needham Investment Management LLC raised its position in shares of Calix by 42.9% in the 3rd quarter. Needham Investment Management LLC now owns 250,000 shares of the communications equipment provider’s stock worth $9,698,000 after acquiring an additional 75,000 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Price Performance

Shares of Calix stock opened at $38.17 on Thursday. The business has a 50-day simple moving average of $37.98 and a 200 day simple moving average of $36.65. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -84.82 and a beta of 1.70. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, sell-side analysts expect that Calix, Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.17.

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.