Assenagon Asset Management S.A. Trims Stock Holdings in Calix, Inc. (NYSE:CALX)

Assenagon Asset Management S.A. decreased its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 16.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 401,615 shares of the communications equipment provider's stock after selling 81,402 shares during the quarter. Assenagon Asset Management S.A. owned 0.61% of Calix worth $15,579,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CALX. GAMMA Investing LLC lifted its position in Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider's stock valued at $26,000 after acquiring an additional 436 shares in the last quarter. Headlands Technologies LLC bought a new position in Calix in the 1st quarter valued at about $48,000. Hexagon Capital Partners LLC lifted its position in Calix by 29.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider's stock valued at $54,000 after acquiring an additional 318 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Calix in the 2nd quarter valued at about $60,000. Finally, Nisa Investment Advisors LLC lifted its position in Calix by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider's stock valued at $89,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix 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 directly owns 3,723,381 shares in the company, valued at approximately $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 accessible through this hyperlink. 16.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Mkm lifted their target price 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. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, September 10th. Rosenblatt Securities reissued a "buy" rating and set a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price 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. Finally, StockNews.com raised shares of Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

Calix Trading Up 0.3 %

Shares of CALX stock traded up $0.12 during trading hours on Friday, hitting $38.02. 507,352 shares of the company were exchanged, compared to its average volume of 731,034. The firm has a fifty day simple moving average of $37.46 and a 200 day simple moving average of $35.12. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $45.15. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 122.65 and a beta of 1.74.

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.