Metropolitan Life Insurance Co. NY raised its stake in Calix, Inc (NYSE:CALX) by 14.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,938 shares of the communications equipment provider’s stock after buying an additional 3,617 shares during the period. Metropolitan Life Insurance Co. NY owned 0.06% of Calix worth $210,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Calix by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,343,182 shares of the communications equipment provider’s stock worth $24,238,000 after buying an additional 103,026 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Calix by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,126,799 shares of the communications equipment provider’s stock worth $22,669,000 after buying an additional 88,273 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Calix by 1.8% in the first quarter. Renaissance Technologies LLC now owns 2,411,600 shares of the communications equipment provider’s stock worth $17,484,000 after buying an additional 43,400 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Calix by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 610,268 shares of the communications equipment provider’s stock worth $4,424,000 after buying an additional 132,305 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Calix by 2.3% in the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock worth $2,244,000 after buying an additional 7,015 shares during the last quarter. 64.48% of the stock is owned by institutional investors and hedge funds.

Calix, Inc (NYSE CALX) traded up 0.510% during trading on Thursday, reaching $4.925. The company’s stock had a trading volume of 33,993 shares. The company’s 50 day moving average price is $6.16 and its 200 day moving average price is $6.69. The company’s market cap is $247.76 million. Calix, Inc has a 52 week low of $4.70 and a 52 week high of $8.10.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.15. The business had revenue of $126.12 million for the quarter, compared to the consensus estimate of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, equities analysts anticipate that Calix, Inc will post ($1.21) earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the company. ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Northland Securities set a $7.00 price objective on Calix and gave the company a “hold” rating in a research report on Monday, August 7th. BidaskClub raised Calix from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research cut Calix from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Calix presently has an average rating of “Hold” and a consensus target price of $6.50.

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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