Calix, Inc $CALX Stock Bought by Summit Global Investments

Summit Global Investments grew its position in shares of Calix, Inc (NYSE:CALX) by 125.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,825 shares of the communications equipment provider’s stock after buying an additional 20,497 shares during the quarter. Summit Global Investments owned 0.06% of Calix worth $1,265,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Calix by 72.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 75,983 shares of the communications equipment provider’s stock valued at $2,611,000 after acquiring an additional 32,000 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Calix by 254.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 630 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Calix by 14.2% during the third quarter. Park Avenue Securities LLC now owns 30,834 shares of the communications equipment provider’s stock worth $1,059,000 after purchasing an additional 3,844 shares in the last quarter. Sterling Capital Management LLC lifted its position in Calix by 827.9% in the third quarter. Sterling Capital Management LLC now owns 1,930 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 1,722 shares during the period. Finally, Inspire Investing LLC lifted its position in Calix by 1.8% in the third quarter. Inspire Investing LLC now owns 18,681 shares of the communications equipment provider’s stock valued at $642,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CALX shares. Wall Street Zen raised Calix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note on Tuesday, July 21st. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Rosenblatt Securities decreased their price target on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Calix presently has an average rating of “Moderate Buy” and a consensus price target of $57.40.

Calix Trading Down 0.2%

Shares of CALX opened at $36.75 on Monday. The firm’s 50-day moving average is $36.20 and its two-hundred day moving average is $42.66. Calix, Inc has a twelve month low of $32.35 and a twelve month high of $71.22. The firm has a market capitalization of $2.31 billion, a P/E ratio of 49.66 and a beta of 1.21.

About Calix

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.