Meeder Asset Management Inc. Increases Stake in Calix, Inc. (NYSE:CALX)

Meeder Asset Management Inc. raised its holdings in shares of Calix, Inc. (NYSE:CALX) by 102.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,026 shares of the communications equipment provider’s stock after purchasing an additional 6,592 shares during the quarter. Meeder Asset Management Inc.’s holdings in Calix were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CALX. Epoch Investment Partners Inc. lifted its stake in shares of Calix by 23.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock valued at $38,600,000 after buying an additional 219,699 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Calix by 14.0% in the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock worth $242,852,000 after acquiring an additional 900,713 shares during the period. Mesirow Institutional Investment Management Inc. raised its stake in shares of Calix by 8.9% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 358,647 shares of the communications equipment provider’s stock valued at $12,707,000 after purchasing an additional 29,367 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Calix by 9.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider’s stock valued at $28,771,000 after purchasing an additional 68,300 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Calix by 28.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider’s stock worth $4,583,000 after purchasing an additional 28,685 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

CALX has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Craig Hallum raised their price target on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Roth Mkm upped their price target on shares of Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Calix Stock Up 11.4 %

Shares of CALX stock opened at $32.35 on Wednesday. The business has a 50-day moving average price of $36.49 and a two-hundred day moving average price of $35.70. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market cap of $2.15 billion, a P/E ratio of -134.79 and a beta of 1.75.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix’s revenue for the quarter was down 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. As a group, research analysts expect that Calix, Inc. will post -0.34 EPS for the current fiscal year.

About Calix

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.