Needham Investment Management LLC Acquires 75,000 Shares of Calix, Inc. (NYSE:CALX)

Needham Investment Management LLC lifted its holdings in Calix, Inc. (NYSE:CALX) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,000 shares of the communications equipment provider’s stock after buying an additional 75,000 shares during the period. Needham Investment Management LLC owned about 0.38% of Calix worth $9,698,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CALX. Divisar Capital Management LLC bought a new position in Calix during the 2nd quarter valued at about $15,876,000. Congress Asset Management Co. grew its holdings in Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after purchasing an additional 361,805 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Calix by 200.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock valued at $13,364,000 after purchasing an additional 229,871 shares during the last quarter. Squarepoint Ops LLC boosted its position in Calix by 82.7% in the 2nd quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after buying an additional 135,916 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its position in Calix by 9.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after buying an additional 115,500 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CALX. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Finally, StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Calix Stock Down 0.0 %

Shares of NYSE:CALX traded down $0.01 during midday trading on Tuesday, reaching $33.01. The company’s stock had a trading volume of 48,661 shares, compared to its average volume of 764,533. The stock has a fifty day moving average of $35.78 and a 200 day moving average of $35.80. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $45.15.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company’s revenue was down 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, equities research analysts anticipate that Calix, Inc. will post -0.34 EPS for the current year.

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.