Linden Thomas Advisory Services LLC Buys New Holdings in Calix, Inc $CALX

Linden Thomas Advisory Services LLC bought a new stake in Calix, Inc (NYSE:CALX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,064 shares of the communications equipment provider’s stock, valued at approximately $216,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Calix in the first quarter valued at approximately $28,000. Signaturefd LLC raised its holdings in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock valued at $36,000 after acquiring an additional 480 shares in the last quarter. Quarry LP raised its holdings in Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 1,278 shares in the last quarter. CWM LLC increased its stake in Calix by 112.6% in the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 707 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Calix by 119.7% in the second quarter. GAMMA Investing LLC now owns 1,472 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.90% of the stock is currently owned by company insiders.

Calix Price Performance

NYSE:CALX opened at $61.05 on Tuesday. The firm’s fifty day moving average price is $60.35 and its 200 day moving average price is $52.33. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $64.30. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -152.61 and a beta of 1.32.

Wall Street Analyst Weigh In

CALX has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Wolfe Research initiated coverage on shares of Calix in a research note on Monday, July 7th. They issued a “peer perform” rating on the stock. Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Calix in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Calix from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.00.

Calix 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.