Renaissance Technologies LLC raised its stake in shares of Calix, Inc (NYSE:CALX) by 8.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,626,018 shares of the communications equipment provider’s stock after buying an additional 214,418 shares during the quarter. Renaissance Technologies LLC owned about 5.27% of Calix worth $17,988,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in 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 in the last quarter. California Public Employees Retirement System grew its holdings in Calix by 11.4% during the 2nd quarter. California Public Employees Retirement System now owns 149,900 shares of the communications equipment provider’s stock valued at $1,027,000 after buying an additional 15,400 shares in the last quarter. FMR LLC grew its holdings in Calix by 7.6% during the 2nd quarter. FMR LLC now owns 237,571 shares of the communications equipment provider’s stock valued at $1,627,000 after buying an additional 16,840 shares in the last quarter. Vanguard Group Inc. grew its holdings in Calix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock valued at $23,694,000 after buying an additional 115,818 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Calix by 11.3% during the 2nd quarter. Northern Trust Corp now owns 499,035 shares of the communications equipment provider’s stock valued at $3,419,000 after buying an additional 50,478 shares in the last quarter. 64.47% of the stock is owned by institutional investors and hedge funds.

CALX has been the subject of a number of recent analyst reports. Northland Securities set a $7.00 target price on Calix and gave the company a “hold” rating in a report on Monday, August 7th. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 target price on shares of Calix in a report on Friday, October 6th. BidaskClub raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Calix presently has an average rating of “Hold” and an average target price of $6.50.

Shares of Calix, Inc (NYSE CALX) opened at 5.55 on Friday. The company’s market cap is $279.20 million. The stock’s 50 day moving average price is $5.06 and its 200-day moving average price is $6.21. Calix, Inc has a 12 month low of $4.65 and a 12 month high of $8.10.

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

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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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