North Star Asset Management Inc. Purchases 18,660 Shares of Calix, Inc. (NYSE:CALX)

North Star Asset Management Inc. boosted its holdings in shares of Calix, Inc. (NYSE:CALX) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,316 shares of the communications equipment provider’s stock after buying an additional 18,660 shares during the period. North Star Asset Management Inc. owned approximately 0.13% of Calix worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Calix by 3.2% in the 4th quarter. Russell Investments Group Ltd. now owns 107,010 shares of the communications equipment provider’s stock worth $4,675,000 after purchasing an additional 3,277 shares in the last quarter. Amalgamated Bank lifted its stake in Calix by 1.6% during the 4th quarter. Amalgamated Bank now owns 37,058 shares of the communications equipment provider’s stock valued at $1,619,000 after acquiring an additional 568 shares during the period. Private Advisor Group LLC purchased a new stake in Calix in the fourth quarter valued at $248,000. Charles Schwab Investment Management Inc. boosted its holdings in Calix by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 468,490 shares of the communications equipment provider’s stock valued at $20,468,000 after purchasing an additional 7,485 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Calix by 2.2% in 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 last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the sale, the director now owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.69% of the stock is currently owned by company insiders.

Calix Stock Down 6.5 %

Shares of Calix stock opened at $34.48 on Friday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $47.93. The company has a market capitalization of $2.26 billion, a P/E ratio of 111.23 and a beta of 1.74. The company has a 50 day moving average of $36.55 and a 200 day moving average of $34.19.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $200.77 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was down 24.1% on a year-over-year basis. As a group, research analysts anticipate that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CALX. Craig Hallum upped their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Roth Mkm increased their price objective on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Rosenblatt Securities increased their price objective on shares of Calix from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average price target of $42.50.

About Calix

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.