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Calix, Inc. (NYSE:CALX) Shares Bought by Jacobs Levy Equity Management Inc.

Calix logo with Computer and Technology background

Jacobs Levy Equity Management Inc. grew its stake in Calix, Inc. (NYSE:CALX - Free Report) by 200.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,514 shares of the communications equipment provider's stock after buying an additional 229,871 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.52% of Calix worth $13,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Calix by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider's stock worth $63,546,000 after buying an additional 45,656 shares in the last quarter. Congress Asset Management Co. increased its position 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 buying an additional 361,805 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in Calix by 9.5% in the second 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 in the last quarter. Kornitzer Capital Management Inc. KS increased its position in Calix by 9.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider's stock worth $28,771,000 after buying an additional 68,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Calix by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider's stock worth $23,318,000 after buying an additional 12,637 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Stock Down 2.8 %

Shares of Calix stock traded down $0.94 during trading on Thursday, reaching $32.77. The company's stock had a trading volume of 559,436 shares, compared to its average volume of 763,959. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -140.42 and a beta of 1.70. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $45.15. The company has a 50-day simple moving average of $35.45 and a two-hundred day simple moving average of $35.81.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 positive return on equity of 1.33% and a negative net margin of 1.79%. The firm's quarterly revenue was down 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. As a group, analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on CALX

About Calix

(Free Report)

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.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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