Calix, Inc. (NYSE:CALX) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823,253 shares of the communications equipment provider's stock after acquiring an additional 32,800 shares during the quarter. Calix makes up about 0.7% of Kornitzer Capital Management Inc. KS's holdings, making the stock its 26th largest holding. Kornitzer Capital Management Inc. KS owned 1.25% of Calix worth $35,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CALX. Louisiana State Employees Retirement System purchased a new stake in shares of Calix in the fourth quarter valued at approximately $721,000. Artemis Investment Management LLP purchased a new stake in shares of Calix in the fourth quarter valued at approximately $18,165,000. Pacer Advisors Inc. grew its position in shares of Calix by 74.7% in the fourth quarter. Pacer Advisors Inc. now owns 9,091 shares of the communications equipment provider's stock valued at $397,000 after purchasing an additional 3,886 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Calix in the fourth quarter valued at approximately $142,000. Finally, Dfpg Investments LLC purchased a new stake in shares of Calix in the fourth quarter valued at approximately $260,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Trading Down 0.5 %

Calix stock traded down $0.16 during mid-day trading on Friday, hitting $29.28. The company's stock had a trading volume of 794,300 shares, compared to its average volume of 728,723. The stock's fifty day moving average is $33.38 and its two-hundred day moving average is $37.71. Calix, Inc. has a 1 year low of $28.95 and a 1 year high of $53.90. The firm has a market capitalization of $1.92 billion, a PE ratio of 65.07 and a beta of 1.65.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The company had revenue of $264.73 million for the quarter, compared to analysts' expectations of $264.41 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Calix, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CALX shares. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Calix in a research report on Wednesday. Rosenblatt Securities lowered their price objective on Calix from $57.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, January 30th. Finally, StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Calix currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.60.

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.