11,221 Shares in Calix, Inc. (NYSE:CALX) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,221 shares of the communications equipment provider's stock, valued at approximately $391,000.

Several other hedge funds have also recently modified their holdings of CALX. GAMMA Investing LLC boosted its holdings in shares of Calix by 187.9% in 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 during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Calix during the 3rd quarter worth $34,000. Arcadia Investment Management Corp MI purchased a new stake in Calix in the third quarter worth about $39,000. Avior Wealth Management LLC raised its stake in shares of Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock worth $46,000 after buying an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in shares of Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider's stock valued at $54,000 after buying an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Stock Performance

Shares of NYSE:CALX traded down $0.66 on Friday, reaching $41.08. The company's stock had a trading volume of 545,321 shares, compared to its average volume of 633,457. The company has a 50-day simple moving average of $36.62 and a 200 day simple moving average of $36.45. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50. The company has a market cap of $2.72 billion, a P/E ratio of -91.28 and a beta of 1.70.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, equities research analysts forecast that Calix, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.17.

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.