Epoch Investment Partners Inc. Decreases Stock Position in Calix, Inc. (NYSE:CALX)

Epoch Investment Partners Inc. lessened its position in shares of Calix, Inc. (NYSE:CALX) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 790,320 shares of the communications equipment provider’s stock after selling 76,104 shares during the period. Epoch Investment Partners Inc. owned 1.19% of Calix worth $27,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Calix by 367.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 640 shares during the period. Pacer Advisors Inc. boosted its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 358 shares during the period. Quantbot Technologies LP purchased a new position in Calix in the 4th quarter valued at approximately $84,000. FMR LLC raised its holdings in Calix by 49.0% during the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock valued at $93,000 after acquiring an additional 789 shares during the period. Finally, KBC Group NV lifted its position in shares of Calix by 57.8% during the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Calix stock opened at $33.80 on Friday. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50. The firm’s fifty day moving average price is $35.25 and its 200-day moving average price is $35.81. The stock has a market cap of $2.25 billion, a P/E ratio of -75.12 and a beta of 1.75.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, analysts predict that Calix, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Calix from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

Calix Profile

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.