GSA Capital Partners LLP Invests $1.20 Million in Calix, Inc. (NYSE:CALX)

GSA Capital Partners LLP acquired a new position in Calix, Inc. (NYSE:CALX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,230 shares of the communications equipment provider’s stock, valued at approximately $1,201,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Calix by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,422,915 shares of the communications equipment provider’s stock worth $280,617,000 after acquiring an additional 58,069 shares during the period. Wellington Management Group LLP lifted its stake in Calix by 10.5% in 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 purchasing an additional 166,695 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 35,992 shares during the period. TD Asset Management Inc increased its position in Calix by 516.6% in the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock worth $70,380,000 after buying an additional 1,349,625 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Calix by 14.8% in 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 period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CALX shares. Rosenblatt Securities reduced their target price on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. StockNews.com downgraded Calix from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price target on shares of Calix in a report on Monday, April 22nd. Jefferies Financial Group lowered Calix from a “buy” rating to a “hold” rating and decreased their price objective for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Finally, Craig Hallum cut 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.50.

Calix Price Performance

NYSE CALX traded down $0.23 during trading on Wednesday, reaching $33.40. The company’s stock had a trading volume of 58,789 shares, compared to its average volume of 846,025. The firm has a fifty day moving average of $33.50 and a 200 day moving average of $35.07. Calix, Inc. has a one year low of $26.76 and a one year high of $51.74. The stock has a market capitalization of $2.19 billion, a PE ratio of 108.48 and a beta of 1.76.

Calix (NYSE:CALX) last posted its quarterly earnings data 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 analysts’ expectations of $228.01 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. Research analysts expect that Calix, Inc. will post -0.22 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.