Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Calix, Inc. (NYSE:CALX)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Calix, Inc. (NYSE:CALX) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,810 shares of the communications equipment provider’s stock after selling 853 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Calix were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CALX. SG Americas Securities LLC increased its position in Calix by 114.1% during the third quarter. SG Americas Securities LLC now owns 22,643 shares of the communications equipment provider’s stock worth $1,038,000 after purchasing an additional 12,066 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Calix by 9.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,316 shares of the communications equipment provider’s stock worth $17,021,000 after purchasing an additional 31,912 shares during the last quarter. Inspire Investing LLC increased its position in Calix by 5.5% during the third quarter. Inspire Investing LLC now owns 6,628 shares of the communications equipment provider’s stock worth $304,000 after purchasing an additional 348 shares during the last quarter. Portside Wealth Group LLC increased its position in Calix by 27.2% during the third quarter. Portside Wealth Group LLC now owns 6,546 shares of the communications equipment provider’s stock worth $296,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Assetmark Inc. increased its position in Calix by 31.9% during the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 382 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CALX has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $50.00 price target on shares of Calix in a research report on Monday, April 22nd. Craig Hallum dropped their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Rosenblatt Securities dropped their price objective on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group lowered shares of Calix from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $30.00 in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average target price of $41.33.

Calix Trading Up 3.8 %

CALX opened at $28.95 on Friday. The company has a fifty day simple moving average of $32.45 and a 200 day simple moving average of $36.87. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 89.94 and a beta of 1.72. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $53.90.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $264.73 million during the quarter, compared to analyst estimates of $264.41 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. On average, analysts forecast that Calix, Inc. will post 0.45 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.