Fmr LLC trimmed its holdings in Calix Inc (NYSE:CALX) by 43.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 55,461 shares of the communications equipment provider’s stock after selling 42,300 shares during the quarter. Fmr LLC’s holdings in Calix were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Calix by 5.7% during the second quarter. BlackRock Inc. now owns 2,920,936 shares of the communications equipment provider’s stock valued at $22,784,000 after buying an additional 158,589 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Calix by 58.9% during the second quarter. GSA Capital Partners LLP now owns 111,729 shares of the communications equipment provider’s stock valued at $871,000 after buying an additional 41,400 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in shares of Calix during the second quarter valued at approximately $737,000. Northpointe Capital LLC bought a new stake in shares of Calix during the second quarter valued at approximately $2,247,000. Finally, Royal Bank of Canada raised its position in shares of Calix by 204.3% during the first quarter. Royal Bank of Canada now owns 63,271 shares of the communications equipment provider’s stock valued at $433,000 after buying an additional 42,478 shares during the last quarter. 63.02% of the stock is owned by institutional investors and hedge funds.

In other Calix news, Director Donald J. Listwin bought 12,500 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average cost of $6.88 per share, with a total value of $86,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin A. Denuccio bought 38,500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average cost of $6.98 per share, with a total value of $268,730.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 54,300 shares of company stock valued at $377,380. 18.28% of the stock is currently owned by insiders.

Calix stock opened at $7.45 on Thursday. The company has a market cap of $429.94 million, a PE ratio of -4.74 and a beta of 0.53. Calix Inc has a 1 year low of $5.20 and a 1 year high of $9.05.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, August 7th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The firm had revenue of $111.70 million for the quarter, compared to analysts’ expectations of $113.70 million. Calix had a negative net margin of 9.47% and a negative return on equity of 30.28%. On average, sell-side analysts expect that Calix Inc will post -0.22 EPS for the current year.

Several equities research analysts have recently issued reports on CALX shares. ValuEngine upgraded shares of Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Jefferies Financial Group reiterated a “hold” rating and set a $6.50 price objective on shares of Calix in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.67.

Calix Profile

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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