Kornitzer Capital Management Inc. KS Has $718,000 Stock Holdings in Calix, Inc $CALX

Kornitzer Capital Management Inc. KS lowered its position in shares of Calix, Inc (NYSE:CALX) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,505 shares of the communications equipment provider’s stock after selling 2,200 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Calix were worth $718,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in Calix by 17.6% during the first quarter. Illinois Municipal Retirement Fund now owns 33,759 shares of the communications equipment provider’s stock worth $1,196,000 after buying an additional 5,045 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Calix in the 1st quarter worth approximately $922,000. Principal Financial Group Inc. grew its position in Calix by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider’s stock worth $10,438,000 after acquiring an additional 7,030 shares during the last quarter. Huntleigh Advisors Inc. increased its holdings in Calix by 16.6% during the 1st quarter. Huntleigh Advisors Inc. now owns 9,822 shares of the communications equipment provider’s stock valued at $348,000 after purchasing an additional 1,397 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Calix by 332.9% in the 1st quarter. New York State Common Retirement Fund now owns 286,719 shares of the communications equipment provider’s stock valued at $10,161,000 after purchasing an additional 220,491 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Calix Trading Up 2.0%

Shares of NYSE CALX opened at $61.35 on Monday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $64.30. The firm’s 50-day moving average is $60.29 and its 200-day moving average is $52.15. The firm has a market capitalization of $4.01 billion, a PE ratio of -153.38 and a beta of 1.32.

Wall Street Analyst Weigh In

CALX has been the subject of a number of research reports. Roth Capital raised their target price on Calix from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Calix in a research report on Friday. Rosenblatt Securities raised their price target on shares of Calix from $56.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They issued a “peer perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Calix has a consensus rating of “Hold” and a consensus target price of $64.00.

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.