The Manufacturers Life Insurance Company boosted its position in Calix Inc (NYSE:CALX) by 11.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,558 shares of the communications equipment provider’s stock after buying an additional 3,961 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Calix worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CALX. Vanguard Group Inc. increased its holdings in Calix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock worth $23,694,000 after purchasing an additional 115,818 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Calix by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock worth $21,595,000 after purchasing an additional 25,713 shares in the last quarter. Lapides Asset Management LLC increased its holdings in Calix by 1.6% during the 2nd quarter. Lapides Asset Management LLC now owns 2,926,600 shares of the communications equipment provider’s stock worth $20,047,000 after purchasing an additional 44,800 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Calix by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock worth $17,988,000 after purchasing an additional 214,418 shares in the last quarter. Finally, Divisar Capital Management LLC increased its holdings in Calix by 479.1% during the 2nd quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock worth $7,352,000 after purchasing an additional 887,915 shares in the last quarter. 67.13% of the stock is owned by institutional investors and hedge funds.

In other Calix news, CFO Cory Sindelar bought 5,974 shares of Calix stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $6.95 per share, with a total value of $41,519.30. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $104,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.50% of the company’s stock.

Calix Inc (NYSE CALX) opened at $6.50 on Thursday. Calix Inc has a twelve month low of $4.65 and a twelve month high of $8.10.

Calix (NYSE:CALX) last released its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The business had revenue of $128.80 million during the quarter, compared to the consensus estimate of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. research analysts forecast that Calix Inc will post -1.52 EPS for the current fiscal year.

A number of analysts have commented on the company. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised Calix from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Jefferies Group reaffirmed a “hold” rating and issued a $7.00 target price on shares of Calix in a report on Friday, October 6th. Finally, Northland Securities set a $6.00 target price on Calix and gave the company a “hold” rating in a report on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.50.

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About Calix

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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