PDT Partners LLC Sells 17,037 Shares of Calix, Inc. (NYSE:CALX)

PDT Partners LLC cut its position in Calix, Inc. (NYSE:CALX - Free Report) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,754 shares of the communications equipment provider's stock after selling 17,037 shares during the quarter. PDT Partners LLC owned 0.11% of Calix worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Divisar Capital Management LLC acquired a new stake in shares of Calix in the 2nd quarter worth about $15,876,000. Congress Asset Management Co. boosted its position in shares of Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider's stock valued at $60,725,000 after purchasing an additional 361,805 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Calix by 82.7% during the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider's stock valued at $10,641,000 after purchasing an additional 135,916 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider's stock valued at $47,366,000 after purchasing an additional 115,500 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Calix by 34.8% in the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider's stock worth $15,921,000 after buying an additional 105,969 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Calix currently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

Calix Trading Up 1.2 %

Shares of NYSE CALX traded up $0.40 during mid-day trading on Friday, hitting $32.53. The company had a trading volume of 407,327 shares, compared to its average volume of 1,129,530. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15. The company has a market capitalization of $2.16 billion, a PE ratio of -135.54 and a beta of 1.75. The firm has a 50-day simple moving average of $35.78 and a two-hundred day simple moving average of $35.77.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to analysts' expectations of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix's quarterly 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. Sell-side analysts expect that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

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.