Rockefeller Capital Management L.P. Buys 105,969 Shares of Calix, Inc. (NYSE:CALX)

Rockefeller Capital Management L.P. grew its holdings in shares of Calix, Inc. (NYSE:CALX - Free Report) by 34.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 410,463 shares of the communications equipment provider's stock after buying an additional 105,969 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.62% of Calix worth $15,921,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Calix by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,624 shares of the communications equipment provider's stock valued at $1,182,000 after buying an additional 2,097 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Calix by 123.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,943 shares of the communications equipment provider's stock worth $281,000 after purchasing an additional 4,384 shares in the last quarter. LVW Advisors LLC bought a new position in shares of Calix in the 2nd quarter worth $208,000. Diversified Trust Co grew its position in Calix by 11.4% in the 2nd quarter. Diversified Trust Co now owns 10,033 shares of the communications equipment provider's stock valued at $355,000 after purchasing an additional 1,026 shares during the period. Finally, Portside Wealth Group LLC increased its stake in Calix by 4.4% during the 2nd quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider's stock valued at $256,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Price Performance

Shares of NYSE CALX traded up $0.48 during midday trading on Monday, reaching $33.01. The company's stock had a trading volume of 473,909 shares, compared to its average volume of 767,661. The stock has a market capitalization of $2.19 billion, a P/E ratio of -135.54 and a beta of 1.75. The firm has a 50 day moving average price of $35.78 and a 200-day moving average price of $35.80. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share 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 business had revenue of $200.95 million for the quarter, compared to analysts' expectations of $201.06 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business's revenue was down 23.8% on a year-over-year basis. On average, equities analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

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

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.