Kornitzer Capital Management Inc. KS Has $718,000 Stock Holdings in Calix, Inc $CALX

Kornitzer Capital Management Inc. KS lowered its position in shares of Calix, Inc (NYSE:CALX) by 14.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,505 shares of the communications equipment provider’s stock after selling 2,200 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Calix were worth $718,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Calix by 2.4% during the first quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider’s stock worth $10,438,000 after purchasing an additional 7,030 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Calix during the 1st quarter worth $922,000. American Century Companies Inc. lifted its holdings in Calix by 22.8% during the first quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider’s stock worth $5,115,000 after acquiring an additional 26,778 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Calix by 50.4% in the first quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider’s stock valued at $3,803,000 after acquiring an additional 35,976 shares during the period. Finally, CW Advisors LLC increased its holdings in shares of Calix by 38.1% in the first quarter. CW Advisors LLC now owns 208,017 shares of the communications equipment provider’s stock worth $7,372,000 after acquiring an additional 57,400 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their price target on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wolfe Research started coverage on shares of Calix in a research note on Monday, July 7th. They issued a “peer perform” rating on the stock. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Calix Stock Up 2.0%

NYSE CALX opened at $61.35 on Monday. The firm’s 50 day moving average is $60.29 and its 200-day moving average is $52.15. The company has a market capitalization of $4.01 billion, a PE ratio of -153.38 and a beta of 1.32. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $64.30.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at $4,593,300. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 16.90% of the company’s stock.

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.