Mutual of America Capital Management LLC Has $1.58 Million Stock Position in Calix, Inc. (NYSE:CALX)

Mutual of America Capital Management LLC cut its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 59.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,195 shares of the communications equipment provider's stock after selling 52,030 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Calix worth $1,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Calix by 114.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,643 shares of the communications equipment provider's stock valued at $1,038,000 after purchasing an additional 12,066 shares during the period. Summit Global Investments purchased a new position in shares of Calix during the 3rd quarter valued at $1,142,000. Harbor Capital Advisors Inc. increased its stake in shares of Calix by 3.5% in the third quarter. Harbor Capital Advisors Inc. now owns 11,529 shares of the communications equipment provider's stock worth $528,000 after acquiring an additional 394 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Calix by 12.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,663 shares of the communications equipment provider's stock valued at $535,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Calix by 9.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,316 shares of the communications equipment provider's stock valued at $17,021,000 after purchasing an additional 31,912 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on CALX shares. Rosenblatt Securities lowered their price target on Calix from $57.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, January 30th. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Calix in a report on Wednesday, April 17th. StockNews.com raised shares of Calix from a "sell" rating to a "hold" rating in a research report on Wednesday, February 28th. Finally, Roth Mkm reiterated a "buy" rating and set a $50.00 price target on shares of Calix in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.

Calix Stock Performance

Shares of NYSE:CALX traded up $0.26 on Monday, hitting $29.54. The stock had a trading volume of 1,434,790 shares, compared to its average volume of 988,690. The firm's 50 day moving average price is $33.27 and its 200-day moving average price is $37.62. Calix, Inc. has a twelve month low of $28.95 and a twelve month high of $53.90. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 65.65 and a beta of 1.65.

Calix (NYSE:CALX - Get Free Report) last announced its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Calix had a return on equity of 7.92% and a net margin of 3.06%. The business had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. During the same period in the previous year, the business earned $0.18 EPS. Calix's revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Calix, Inc. will post 0.45 EPS for the current year.

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.