Schwab Charles Investment Management Inc. raised its position in Calix, Inc (NYSE:CALX) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 159,836 shares of the communications equipment provider’s stock after buying an additional 9,918 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of Calix worth $1,159,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CALX. Dimensional Fund Advisors LP boosted its stake in shares of 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 period. Geode Capital Management LLC boosted its stake in shares of 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 period. Vanguard Group Inc. boosted its stake in shares of 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 period. Menta Capital LLC boosted its stake in shares of Calix by 47.2% in the first quarter. Menta Capital LLC now owns 174,990 shares of the communications equipment provider’s stock worth $1,269,000 after buying an additional 56,125 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Calix by 9.4% in the first quarter. California Public Employees Retirement System now owns 134,500 shares of the communications equipment provider’s stock worth $975,000 after buying an additional 11,600 shares during the period. 64.48% of the stock is currently owned by institutional investors.

Calix, Inc (CALX) traded down 1.531% during mid-day trading on Wednesday, hitting $4.825. 50,016 shares of the company were exchanged. Calix, Inc has a 12-month low of $4.70 and a 12-month high of $8.10. The company’s market cap is $242.73 million. The stock’s 50 day moving average is $6.16 and its 200-day moving average is $6.69.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.15. The business had revenue of $126.12 million during the quarter, compared to analyst estimates of $123.70 million. Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Equities research analysts predict that Calix, Inc will post ($1.21) EPS for the current year.

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A number of brokerages have weighed in on CALX. ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Northland Securities set a $7.00 target price on shares of Calix and gave the stock a “hold” rating in a report on Monday, August 7th. BidaskClub cut shares of Calix from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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