Texas Permanent School Fund Corp Raises Position in Calix, Inc. (NYSE:CALX)

Posted by Defense World Staff on Jul 28th, 2023

Texas Permanent School Fund Corp boosted its stake in Calix, Inc. (NYSE:CALX – Free Report) by 33.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,058 shares of the communications equipment provider’s stock after buying an additional 12,782 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Calix worth $2,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Holdings Inc. increased its position in shares of Calix by 7.5% during the first quarter. Advisor Group Holdings Inc. now owns 8,213 shares of the communications equipment provider’s stock valued at $353,000 after acquiring an additional 573 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Calix by 205.3% during the first quarter. JPMorgan Chase & Co. now owns 156,166 shares of the communications equipment provider’s stock valued at $6,700,000 after acquiring an additional 105,006 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Calix during the first quarter valued at approximately $758,000. PNC Financial Services Group Inc. increased its position in shares of Calix by 865.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,390 shares of the communications equipment provider’s stock valued at $59,000 after acquiring an additional 1,246 shares in the last quarter. Finally, AlphaCrest Capital Management LLC increased its position in shares of Calix by 167.1% during the first quarter. AlphaCrest Capital Management LLC now owns 7,380 shares of the communications equipment provider’s stock valued at $317,000 after acquiring an additional 4,617 shares in the last quarter. 80.89% of the stock is currently owned by hedge funds and other institutional investors.

Calix Trading Down 2.9 %

Shares of NYSE:CALX opened at $45.55 on Friday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 72.30 and a beta of 1.53. Calix, Inc. has a 12 month low of $41.74 and a 12 month high of $77.44. The firm’s 50-day moving average is $48.73 and its 200 day moving average is $50.85.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TD Cowen lifted their target price on shares of Calix from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a research note on Tuesday, July 18th. StockNews.com assumed coverage on shares of Calix in a research note on Thursday, May 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Calix in a research note on Friday, May 19th. They set a “neutral” rating and a $49.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $88.00 price target on shares of Calix in a research note on Friday, July 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Insider Activity at Calix

In related news, insider John Matthew Collins sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.10, for a total transaction of $220,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.69% of the stock is currently owned by insiders.

Calix Profile

(Free Report)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.