National Bank of Canada FI Sells 29,694 Shares of Calix, Inc. (NYSE:CALX)

National Bank of Canada FI lowered its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,596 shares of the communications equipment provider's stock after selling 29,694 shares during the quarter. National Bank of Canada FI owned approximately 0.17% of Calix worth $4,965,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Calix by 194.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider's stock valued at $70,000 after purchasing an additional 1,011 shares during the period. Assetmark Inc. boosted its holdings in Calix by 31.9% during the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider's stock worth $72,000 after buying an additional 382 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Calix during the 3rd quarter worth about $111,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of Calix in the 4th quarter valued at about $142,000. Finally, Acadian Asset Management LLC bought a new position in Calix during the 3rd quarter worth approximately $188,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Price Performance

NYSE CALX traded up $0.56 during trading on Friday, reaching $30.63. 420,214 shares of the company's stock were exchanged, compared to its average volume of 912,676. The business has a 50 day moving average price of $31.76 and a 200-day moving average price of $36.26. The stock has a market capitalization of $2.01 billion, a P/E ratio of 98.81 and a beta of 1.72. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $53.90.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CALX shares. StockNews.com downgraded shares of Calix from a "hold" rating to a "sell" rating in a research note on Friday. Rosenblatt Securities dropped their price objective on Calix from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Roth Mkm reiterated a "buy" rating and set a $50.00 target price on shares of Calix in a report on Monday, April 22nd. Craig Hallum lowered their price target on Calix from $48.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. Finally, Jefferies Financial Group cut Calix from a "buy" rating to a "hold" rating and cut their price objective for the company from $48.00 to $30.00 in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $41.33.

Calix 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.