Barclays PLC Raises Stake in Calix, Inc. (NYSE:CALX)

Barclays PLC lifted its position in Calix, Inc. (NYSE:CALX - Free Report) by 184.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,579 shares of the communications equipment provider's stock after acquiring an additional 73,588 shares during the quarter. Barclays PLC owned 0.17% of Calix worth $4,404,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Divisar Capital Management LLC bought a new position in shares of Calix in the 2nd quarter worth $15,876,000. Congress Asset Management Co. raised its holdings in Calix by 30.1% in the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider's stock worth $60,725,000 after purchasing an additional 361,805 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Calix by 200.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider's stock valued at $13,364,000 after buying an additional 229,871 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Calix by 82.7% in the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider's stock valued at $10,641,000 after buying an additional 135,916 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its position in shares of Calix by 9.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider's stock worth $47,366,000 after buying an additional 115,500 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Rosenblatt Securities restated a "buy" rating and set a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.50.

Calix Stock Up 2.0 %

Shares of CALX stock traded up $0.69 during mid-day trading on Friday, hitting $35.36. 1,098,200 shares of the stock were exchanged, compared to its average volume of 757,280. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15. The firm has a fifty day moving average of $34.75 and a 200 day moving average of $35.92. The company has a market cap of $2.34 billion, a PE ratio of -147.33 and a beta of 1.70.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The firm's revenue was down 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities 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.