Semanteon Capital Management LP Invests $743,000 in Calix, Inc. (NYSE:CALX)

Semanteon Capital Management LP purchased a new position in Calix, Inc. (NYSE:CALX) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 17,007 shares of the communications equipment provider’s stock, valued at approximately $743,000.

A number of other institutional investors also recently made changes to their positions in CALX. State of New Jersey Common Pension Fund D lifted its stake in Calix by 18.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 65,476 shares of the communications equipment provider’s stock valued at $2,861,000 after purchasing an additional 9,969 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Calix by 1.3% during the fourth quarter. New York State Common Retirement Fund now owns 176,867 shares of the communications equipment provider’s stock valued at $7,727,000 after purchasing an additional 2,190 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Calix by 4.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 823,253 shares of the communications equipment provider’s stock valued at $35,968,000 after purchasing an additional 32,800 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Calix during the fourth quarter valued at approximately $721,000. Finally, Artemis Investment Management LLP acquired a new stake in Calix during the fourth quarter valued at approximately $18,165,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

Shares of NYSE CALX traded up $0.18 during trading hours on Friday, hitting $28.41. 604,548 shares of the stock were exchanged, compared to its average volume of 1,008,991. The company’s 50 day moving average is $32.79 and its 200 day moving average is $37.27. The firm has a market capitalization of $1.86 billion, a P/E ratio of 91.65 and a beta of 1.65. Calix, Inc. has a one year low of $26.76 and a one year high of $53.90.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a net margin of 2.19% and a return on equity of 6.64%. The business had revenue of $264.73 million during the quarter, compared to the consensus estimate of $264.41 million. During the same period in the prior year, the firm earned $0.18 EPS. Calix’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts anticipate that Calix, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Rosenblatt Securities reduced their price target on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Roth Mkm restated a “buy” rating and issued a $50.00 price target on shares of Calix in a research report on Monday. StockNews.com downgraded shares of Calix from a “hold” rating to a “sell” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Calix in a research report on Tuesday. Finally, Craig Hallum dropped their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Calix currently has an average rating of “Hold” and an average target price of $41.33.

About Calix

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.