Assenagon Asset Management S.A. Sells 31,977 Shares of Calix, Inc. (NYSE:CALX)

Assenagon Asset Management S.A. decreased its holdings in shares of Calix, Inc. (NYSE:CALX) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 369,638 shares of the communications equipment provider’s stock after selling 31,977 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Calix were worth $12,889,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Calix in the third quarter valued at $34,000. Arcadia Investment Management Corp MI bought a new stake in Calix during the third quarter worth $39,000. Avior Wealth Management LLC lifted its stake in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Calix Stock Down 0.1 %

Calix stock opened at $37.93 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of -158.02 and a beta of 1.68. The company’s 50-day moving average price is $34.35 and its two-hundred day moving average price is $36.03. 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 for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The firm had revenue of $200.95 million for the quarter, compared to analysts’ expectations of $201.06 million. During the same quarter last year, the business earned $0.25 EPS. The company’s quarterly revenue was down 23.8% compared to the same quarter last year. Equities analysts anticipate that Calix, Inc. will post -0.34 earnings per share for the current fiscal year.

Calix Company 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.