Congress Asset Management Co. MA Has $38.26 Million Position in Calix, Inc. (NYSE:CALX)

Congress Asset Management Co. MA increased its stake in Calix, Inc. (NYSE:CALXFree Report) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 875,687 shares of the communications equipment provider’s stock after purchasing an additional 76,546 shares during the period. Congress Asset Management Co. MA’s holdings in Calix were worth $38,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Calix by 4.9% during the third quarter. Vanguard Group Inc. now owns 6,364,846 shares of the communications equipment provider’s stock worth $291,765,000 after buying an additional 298,277 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 shares of Calix by 516.6% during the fourth quarter. TD Asset Management Inc now owns 1,610,885 shares of the communications equipment provider’s stock valued at $70,380,000 after purchasing an additional 1,349,625 shares during the period. Wellington Management Group LLP increased its position in shares of Calix by 24.6% during the third quarter. Wellington Management Group LLP now owns 1,588,802 shares of the communications equipment provider’s stock valued at $72,831,000 after purchasing an additional 313,380 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Calix by 15.3% during the third quarter. Ameriprise Financial Inc. now owns 1,429,624 shares of the communications equipment provider’s stock valued at $65,534,000 after purchasing an additional 189,676 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Price Performance

Shares of CALX stock traded down $0.10 during trading hours on Friday, hitting $35.56. 406,762 shares of the company’s stock were exchanged, compared to its average volume of 615,913. The stock’s 50-day moving average is $31.71 and its 200-day moving average is $35.87. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 114.71 and a beta of 1.75. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $52.89.

Calix (NYSE:CALXGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Calix had a return on equity of 6.64% and a net margin of 2.19%. The business had revenue of $226.31 million for the quarter, compared to analyst estimates of $228.01 million. Equities research analysts forecast that Calix, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CALX. StockNews.com cut Calix from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Jefferies Financial Group cut Calix from a “buy” rating to a “hold” rating and lowered their price objective for the company from $48.00 to $30.00 in a research report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Monday, May 20th. Craig Hallum lowered their price target on Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $50.00 price target on shares of Calix in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Calix has an average rating of “Hold” and a consensus target price of $40.50.

Read Our Latest Analysis on CALX

Calix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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