JPMorgan Chase & Co. Has $4.95 Million Stake in Calix, Inc. (NYSE:CALX)

JPMorgan Chase & Co. raised its stake in Calix, Inc. (NYSE:CALX - Free Report) by 46.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,570 shares of the communications equipment provider's stock after acquiring an additional 40,306 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Calix worth $4,948,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CALX. Hexagon Capital Partners LLC increased its position 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 worth $54,000 after purchasing an additional 318 shares during the period. GAMMA Investing LLC grew its stake in Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider's stock worth $26,000 after buying an additional 436 shares in the last quarter. Assetmark Inc. increased its holdings in Calix by 16.7% in the 3rd quarter. Assetmark Inc. now owns 3,381 shares of the communications equipment provider's stock valued at $131,000 after buying an additional 485 shares during the period. National Bank of Canada FI raised its position in shares of Calix by 0.4% in the 3rd quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider's stock valued at $5,515,000 after buying an additional 520 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Calix by 42.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider's stock worth $68,000 after acquiring an additional 522 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Performance

Shares of CALX traded down $0.05 during trading hours on Friday, reaching $37.93. The stock had a trading volume of 233,441 shares, compared to its average volume of 443,304. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15. The stock has a market capitalization of $2.52 billion, a PE ratio of -158.02 and a beta of 1.68. The company's 50-day moving average is $34.35 and its two-hundred day moving average is $36.02.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $200.95 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 23.8% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Equities analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CALX. 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. Rosenblatt Securities reiterated a "buy" rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Calix presently has an average rating of "Moderate Buy" and an average target price of $42.50.

About Calix

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.