Meeder Asset Management Inc. Raises Holdings in Calix, Inc. (NYSE:CALX)

Meeder Asset Management Inc. boosted its stake in Calix, Inc. (NYSE:CALX) by 102.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,026 shares of the communications equipment provider’s stock after purchasing an additional 6,592 shares during the period. Meeder Asset Management Inc.’s holdings in Calix were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALX. Louisiana State Employees Retirement System raised its holdings in Calix by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock valued at $1,038,000 after buying an additional 300 shares during the last quarter. Portside Wealth Group LLC raised its stake in shares of Calix by 4.4% during the second quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock valued at $256,000 after acquiring an additional 301 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Calix by 13.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after purchasing an additional 303 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 318 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares during the period. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CALX. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Craig Hallum increased their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Roth Mkm lifted their price objective on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Trading Up 11.4 %

Shares of NYSE:CALX opened at $32.35 on Wednesday. The stock has a fifty day simple moving average of $36.49 and a two-hundred day simple moving average of $35.70. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -134.79 and a beta of 1.75.

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. As a group, equities research analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

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.