Calix, Inc. (NYSE:CALX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Calix, Inc. (NYSE:CALX - Free Report) by 65.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,594 shares of the communications equipment provider's stock after selling 60,080 shares during the quarter. Jane Street Group LLC's holdings in Calix were worth $1,226,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Calix by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider's stock worth $5,027,000 after buying an additional 6,984 shares during the last quarter. Mesirow Institutional Investment Management Inc. lifted its stake in Calix by 8.9% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 358,647 shares of the communications equipment provider's stock worth $12,707,000 after purchasing an additional 29,367 shares during the last quarter. HighTower Advisors LLC acquired a new position in Calix in the third quarter valued at approximately $3,513,000. Kornitzer Capital Management Inc. KS boosted its holdings 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 valued at $28,771,000 after purchasing an additional 68,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Calix by 28.5% in the second quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider's stock valued at $4,583,000 after purchasing an additional 28,685 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Performance

Calix stock traded down $0.68 during midday trading on Friday, hitting $34.95. 271,881 shares of the company's stock were exchanged, compared to its average volume of 748,928. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -145.63 and a beta of 1.70. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The firm's 50 day simple moving average is $34.36 and its 200 day simple moving average is $35.90.

Calix (NYSE:CALX - Get Free Report) last released its quarterly 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 firm had revenue of $200.95 million for 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 business's revenue was down 23.8% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CALX shares. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $45.00 price objective on shares of Calix in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.