Atom Investors LP Sells 11,036 Shares of Calix, Inc. (NYSE:CALX)

Atom Investors LP reduced its stake in Calix, Inc. (NYSE:CALX) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,631 shares of the communications equipment provider’s stock after selling 11,036 shares during the period. Atom Investors LP’s holdings in Calix were worth $4,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CALX. Divisar Capital Management LLC purchased a new position in shares of Calix in the second quarter worth $15,876,000. Congress Asset Management Co. grew its holdings in Calix by 30.1% in the 3rd 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 during the last quarter. Squarepoint Ops LLC increased its position in shares of Calix by 82.7% in the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after acquiring an additional 135,916 shares during the period. Paradigm Capital Management Inc. NY raised its stake in shares of Calix by 9.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after acquiring an additional 115,500 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Calix by 34.8% during the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after purchasing an additional 105,969 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Trading Up 1.2 %

Calix stock opened at $32.53 on Monday. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -135.54 and a beta of 1.75. The business’s fifty day simple moving average is $35.78 and its two-hundred day simple moving average is $35.77.

Calix (NYSE:CALX) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The firm had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same quarter in the previous year, the firm earned $0.25 EPS. Calix’s quarterly revenue was down 23.8% compared to the same quarter last year. On average, equities research analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CALX. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. Finally, StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.