PEAK6 Investments L.P. decreased its position in Calix Inc (NYSE:CALX) by 28.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,002 shares of the communications equipment provider’s stock after selling 8,685 shares during the period. PEAK6 Investments L.P.’s holdings in Calix were worth $111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Calix in the 3rd quarter worth about $119,000. Voya Investment Management LLC grew its position in Calix by 15.5% in the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after purchasing an additional 3,696 shares during the last quarter. Wells Fargo & Company MN grew its position in Calix by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 729 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Calix by 14.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Calix by 55.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,850 shares of the communications equipment provider’s stock worth $211,000 after purchasing an additional 11,001 shares during the last quarter. Hedge funds and other institutional investors own 67.13% of the company’s stock.

In related news, CFO Cory Sindelar acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.50% of the company’s stock.

CALX has been the subject of several recent analyst reports. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. BidaskClub upgraded shares of Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Jefferies Group restated a “hold” rating and issued a $7.00 target price on shares of Calix in a research report on Friday, October 6th. Finally, Northland Securities set a $6.00 price objective on shares of Calix and gave the company a “hold” rating in a report on Sunday, August 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Calix has a consensus rating of “Hold” and a consensus price target of $6.50.

Calix Inc (CALX) opened at $6.30 on Friday. Calix Inc has a 1-year low of $4.65 and a 1-year high of $8.10.

Calix (NYSE:CALX) last posted its quarterly earnings data 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 company 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 company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. equities research analysts expect that Calix Inc will post -1.52 earnings per share for the current fiscal year.

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Calix Company Profile

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.

Institutional Ownership by Quarter for Calix (NYSE:CALX)

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