Calix, Inc. (NYSE:CALX) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in Calix, Inc. (NYSE:CALX - Free Report) by 82.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,247 shares of the communications equipment provider's stock after selling 158,005 shares during the period. Edgestream Partners L.P. owned approximately 0.05% of Calix worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CALX. GAMMA Investing LLC raised its position in 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 buying an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Calix in the 3rd quarter worth $34,000. Arcadia Investment Management Corp MI acquired a new position in Calix during the third quarter valued at $39,000. Avior Wealth Management LLC boosted its position in Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock worth $46,000 after purchasing an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Calix by 29.8% in the third 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 in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Calix Price Performance

Calix stock traded up $0.21 during mid-day trading on Wednesday, hitting $33.71. The company's stock had a trading volume of 504,819 shares, compared to its average volume of 764,833. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The business has a 50 day moving average price of $35.55 and a 200-day moving average price of $35.82. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -139.58 and a beta of 1.70.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $200.95 million for the quarter, compared to analysts' expectations of $201.06 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Calix's revenue was down 23.8% compared to the same quarter last year. On average, equities research analysts expect that Calix, Inc. will post -0.34 earnings per share for the current fiscal 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.