Assenagon Asset Management S.A. Reduces Holdings in Calix, Inc. (NYSE:CALX)

Assenagon Asset Management S.A. decreased its position in shares of Calix, Inc. (NYSE:CALX) by 16.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 401,615 shares of the communications equipment provider’s stock after selling 81,402 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Calix were worth $15,579,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CALX. Louisiana State Employees Retirement System boosted its stake in shares of Calix by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the communications equipment provider’s stock worth $1,038,000 after buying an additional 300 shares during the period. Portside Wealth Group LLC boosted its stake in shares of Calix by 4.4% during the second quarter. Portside Wealth Group LLC now owns 7,214 shares of the communications equipment provider’s stock worth $256,000 after buying an additional 301 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Calix by 13.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after buying an additional 303 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 318 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 436 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Tuesday, September 10th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Roth Mkm raised their price objective on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the completion of the sale, the director now directly owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.69% of the stock is owned by corporate insiders.

Calix Stock Performance

CALX stock opened at $38.02 on Friday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 122.65 and a beta of 1.74. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15. The company has a 50 day moving average price of $37.46 and a two-hundred day moving average price of $35.10.

About Calix

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.