California Public Employees Retirement System raised its position in shares of Calix Inc (NYSE:CALX) by 23.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,235 shares of the communications equipment provider’s stock after purchasing an additional 35,335 shares during the period. California Public Employees Retirement System’s holdings in Calix were worth $935,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Divisar Capital Management LLC raised its stake in shares of Calix by 479.1% in the 2nd quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after acquiring an additional 887,915 shares in the last quarter. Lapides Asset Management LLC raised its stake in shares of Calix by 11.0% in the 3rd quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock valued at $16,402,000 after acquiring an additional 321,400 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Calix by 8.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock valued at $17,988,000 after acquiring an additional 214,418 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Calix by 3.5% in 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 acquiring an additional 115,818 shares in the last quarter. Finally, Trigran Investments Inc. bought a new position in shares of Calix in the 3rd quarter valued at approximately $445,000. 67.17% of the stock is owned by institutional investors.
In other Calix news, CFO Cory Sindelar purchased 5,974 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were bought at an average cost of $6.95 per share, with a total value of $41,519.30. Following the transaction, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $104,250. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 16.50% of the company’s stock.
Calix Inc (NYSE CALX) opened at $6.20 on Thursday. The company has a market capitalization of $312.45, a P/E ratio of -3.80 and a beta of 0.70. Calix Inc has a 1 year low of $4.65 and a 1 year high of $7.75.
Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.04). The business had revenue of $128.80 million during the quarter, compared to the consensus estimate of $127.92 million. Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. equities analysts predict that Calix Inc will post -1.53 EPS for the current year.
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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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