Edgestream Partners L.P. Decreases Stock Position in Calix, Inc. (NYSE:CALX)

Edgestream Partners L.P. lessened its holdings in Calix, Inc. (NYSE:CALX) by 82.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 33,247 shares of the communications equipment provider’s stock after selling 158,005 shares during the period. Edgestream Partners L.P.’s holdings in Calix were worth $1,290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CALX. GAMMA Investing LLC lifted its stake in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Calix during the third quarter worth $34,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Calix during the 3rd quarter worth $39,000. Avior Wealth Management LLC grew its position in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake 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 worth $54,000 after buying an additional 318 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Calix Stock Up 1.5 %

Shares of CALX opened at $33.50 on Wednesday. The business’s 50-day moving average is $35.66 and its two-hundred day moving average is $35.81. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

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.