Congress Wealth Management LLC DE Has $5.25 Million Holdings in Calix, Inc. (NYSE:CALX)

Congress Wealth Management LLC DE trimmed its position in Calix, Inc. (NYSE:CALX) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,617 shares of the communications equipment provider’s stock after selling 96,213 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.23% of Calix worth $5,252,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its position in shares of Calix by 18.4% in the third quarter. Pathstone Holdings LLC now owns 48,445 shares of the communications equipment provider’s stock worth $1,879,000 after buying an additional 7,521 shares during the period. Intech Investment Management LLC acquired a new stake in Calix during the 3rd quarter worth about $549,000. Charles Schwab Investment Management Inc. grew its stake in Calix by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider’s stock valued at $23,318,000 after acquiring an additional 12,637 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Calix in the 3rd quarter valued at about $76,000. Finally, FMR LLC lifted its position in shares of Calix by 49.0% in the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock worth $93,000 after purchasing an additional 789 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares of the company’s stock, valued at $82,563,772.20. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

CALX has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Calix Stock Down 1.4 %

CALX stock opened at $36.81 on Wednesday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -81.80 and a beta of 1.78. The firm has a 50 day moving average of $37.43 and a two-hundred day moving average of $36.28. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $42.50.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. On average, research analysts expect that Calix, Inc. will post -0.43 EPS for the current fiscal 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.