California State Teachers Retirement System lowered its stake in shares of Calix Inc (NYSE:CALX) by 11.2% in the third quarter, Holdings Channel reports. The institutional investor owned 67,586 shares of the communications equipment provider’s stock after selling 8,500 shares during the period. California State Teachers Retirement System’s holdings in Calix were worth $341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of Calix by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after buying an additional 729 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Calix by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock valued at $1,103,000 after buying an additional 1,102 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Calix by 15.5% during the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock valued at $189,000 after buying an additional 3,696 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Calix by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,558 shares of the communications equipment provider’s stock valued at $257,000 after buying an additional 3,961 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Calix by 55.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,850 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 11,001 shares during the last quarter. Institutional investors and hedge funds own 67.13% of the company’s stock.

In other Calix news, CFO Cory Sindelar bought 5,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 16.50% of the stock is owned by company insiders.

Calix Inc (NYSE CALX) opened at $6.20 on Wednesday. Calix Inc has a 52 week low of $4.65 and a 52 week high of $7.75.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.04). Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The company had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $127.92 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Calix Inc will post -1.53 EPS for the current year.

CALX has been the subject of a number of recent research reports. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded Calix from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Calix presently has a consensus rating of “Hold” and an average price target of $6.50.

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Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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