AQR Capital Management LLC Sells 52,266 Shares of Calix, Inc. (NYSE:CALX)

AQR Capital Management LLC reduced its holdings in shares of Calix, Inc. (NYSE:CALX - Free Report) by 87.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,834 shares of the communications equipment provider's stock after selling 52,266 shares during the quarter. AQR Capital Management LLC's holdings in Calix were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CALX. Vanguard Group Inc. boosted its holdings in Calix by 14.0% during the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider's stock worth $242,852,000 after purchasing an additional 900,713 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Calix by 2.6% during 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 purchasing an additional 45,656 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Calix by 10.5% during the fourth quarter. Wellington Management Group LLP now owns 1,755,497 shares of the communications equipment provider's stock worth $76,698,000 after purchasing an additional 166,695 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in Calix by 9.5% during 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 purchasing an additional 115,500 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Calix by 23.3% during the first quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider's stock worth $38,600,000 after purchasing an additional 219,699 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the transaction, the director now owns 3,723,381 shares of the company's stock, valued at $139,850,190.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.69% of the company's stock.

Wall Street Analyst Weigh In

CALX has been the topic of several analyst reports. Rosenblatt Securities restated a "buy" rating and set a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Roth Mkm lifted their price objective on shares of Calix from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $28.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. StockNews.com raised shares of Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of "Moderate Buy" and an average price target of $42.50.

Calix Stock Performance

Calix stock traded up $0.60 during midday trading on Thursday, reaching $39.89. 339,449 shares of the stock were exchanged, compared to its average volume of 742,874. The company's fifty day moving average is $37.36 and its 200-day moving average is $34.81. The firm has a market cap of $2.61 billion, a PE ratio of 128.68 and a beta of 1.74. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.21.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $200.77 million. Calix had a net margin of 0.52% and a return on equity of 4.17%. Calix's revenue was down 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, sell-side analysts anticipate that Calix, Inc. will post -0.36 earnings per share for the current fiscal year.

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.