Alpha DNA Investment Management LLC Sells 1,709 Shares of Calix, Inc. (NYSE:CALX)

Alpha DNA Investment Management LLC lessened its holdings in Calix, Inc. (NYSE:CALX) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,146 shares of the communications equipment provider’s stock after selling 1,709 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Calix were worth $489,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Calix during the 4th quarter worth approximately $25,000. Signaturefd LLC boosted its holdings in Calix by 13.8% during the 1st quarter. Signaturefd LLC now owns 2,067 shares of the communications equipment provider’s stock worth $72,000 after acquiring an additional 250 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Calix by 16.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the communications equipment provider’s stock worth $62,000 after acquiring an additional 300 shares during the last quarter. Exane Derivatives boosted its holdings in Calix by 23.6% during the 1st quarter. Exane Derivatives now owns 2,602 shares of the communications equipment provider’s stock worth $90,000 after acquiring an additional 497 shares during the last quarter. Finally, Dorsey Wright & Associates raised its stake in shares of Calix by 135.0% during the 1st quarter. Dorsey Wright & Associates now owns 2,679 shares of the communications equipment provider’s stock worth $93,000 after purchasing an additional 1,539 shares during the period. Hedge funds and other institutional investors own 79.27% of the company’s stock.

Shares of CALX stock opened at $45.91 on Friday. Calix, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $48.78. The company has a 50 day moving average of $43.26. The company has a market capitalization of $2.89 billion, a P/E ratio of 49.37 and a beta of 1.56.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, April 27th. The communications equipment provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.20. The firm had revenue of $162.07 million during the quarter, compared to the consensus estimate of $150.46 million. Calix had a return on equity of 29.40% and a net margin of 10.15%. The business’s revenue was up 59.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Calix, Inc. will post 0.81 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the company. Northland Securities lifted their target price on Calix from $30.00 to $37.00 in a research note on Thursday, April 29th. Zacks Investment Research cut Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, April 6th. Craig Hallum boosted their price objective on Calix from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, April 29th. Jefferies Financial Group boosted their price objective on Calix from $40.00 to $52.00 in a research note on Wednesday, April 7th. Finally, BWS Financial initiated coverage on Calix in a report on Monday, March 29th. They set a “sell” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.57.

In related news, Director J Daniel Plants sold 275,000 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $46.81, for a total transaction of $12,872,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.64% of the stock is owned by corporate insiders.

About Calix

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services.

Read More: Balance Sheet

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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