State of New Jersey Common Pension Fund D Invests $2.04 Million in Calix, Inc. (NYSE:CALX)

State of New Jersey Common Pension Fund D bought a new position in shares of Calix, Inc. (NYSE:CALX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 52,615 shares of the communications equipment provider's stock, valued at approximately $2,041,000. State of New Jersey Common Pension Fund D owned 0.08% of Calix at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CALX. Russell Investments Group Ltd. raised its holdings in shares of Calix by 24.3% in the 1st quarter. Russell Investments Group Ltd. now owns 132,990 shares of the communications equipment provider's stock worth $4,410,000 after purchasing an additional 25,980 shares during the period. State Board of Administration of Florida Retirement System grew its position in Calix by 8.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,233 shares of the communications equipment provider's stock valued at $605,000 after buying an additional 1,350 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Calix by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider's stock worth $242,852,000 after buying an additional 900,713 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of Calix by 88.7% in the 1st quarter. Seven Eight Capital LP now owns 34,555 shares of the communications equipment provider's stock worth $1,146,000 after purchasing an additional 16,243 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Calix by 39.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 62,677 shares of the communications equipment provider's stock valued at $2,078,000 after acquiring an additional 17,693 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Calix from $28.00 to $41.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of Calix in a report on Tuesday, October 29th. Craig Hallum lifted their price objective on Calix from $41.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Roth Mkm raised their target price on shares of Calix from $43.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Three investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Calix Price Performance

Shares of NYSE CALX traded down $0.82 during mid-day trading on Friday, hitting $29.31. 1,171,633 shares of the stock traded hands, compared to its average volume of 745,673. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.15. The firm has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $35.68. The company has a market cap of $1.94 billion, a PE ratio of -122.13 and a beta of 1.75.

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. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business had revenue of $200.95 million during the quarter, compared to analysts' expectations of $201.06 million. During the same period last year, the company posted $0.25 earnings per share. The business's quarterly revenue was down 23.8% on a year-over-year basis. On average, equities research analysts anticipate 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.