Learn Why Ameriprise Financial Inc Purchased Calix, Inc Stake?

February 15, 2018 - By Clifton Ray

 Learn Why Ameriprise Financial Inc Purchased Calix, Inc Stake?

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.02, from 1.15 in 2017Q2. It dived, as 9 investors sold Calix, Inc. shares while 23 reduced holdings. 13 funds opened positions while 23 raised stakes. 30.17 million shares or 1.85% less from 30.74 million shares in 2017Q2 were reported.

Goldman Sachs Group Inc Inc has invested 0% in Calix, Inc. (NYSE:CALX). Nationwide Fund Advsrs has 0% invested in Calix, Inc. (NYSE:CALX). Dimensional Fund Advsr Limited Partnership stated it has 3.04M shares or 0.01% of all its holdings. Ameriprise holds 0.01% of its portfolio in Calix, Inc. (NYSE:CALX) for 2.95 million shares. Bessemer owns 1 shares. Wedge Mgmt L L P Nc has 133,300 shares. State Common Retirement Fund accumulated 40,500 shares. Invesco Ltd invested in 0% or 64,375 shares. Parametric Limited Co stated it has 0% of its portfolio in Calix, Inc. (NYSE:CALX). Soros Fund Ltd invested 0.03% of its portfolio in Calix, Inc. (NYSE:CALX). Tiaa Cref Inv Mgmt Lc invested in 197,457 shares or 0% of the stock. Bluecrest Capital Mngmt owns 35,481 shares or 0.01% of their US portfolio. Arrowstreet Cap Lp invested in 0% or 266,534 shares. Retail Bank Of America Corp De has invested 0% in Calix, Inc. (NYSE:CALX). Legal And General Group Public Ltd stated it has 10,303 shares.

The New Ameriprise Financial Inc Holding in Calix, Inc

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Calix, Inc. Access it here: 000119312518045423. As reported by Ameriprise Financial Inc, the filler owns 5.46% or 2,751,704 shares of the Information Technology–company.

Calix, Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Calix, Inc.

Calix, Inc Institutional Sentiment

Filings show 110 investors own Calix, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 5841827. 38879269 were owned by these investors. 23 funds opened new Calix, Inc stakes, 44 increased positions. There were 8 that closed positions and 25 reduced them.

2 investors had the stock in their top 10. Some are: Nokomis Capital L.L.C…

Peter Keane Keane Capital Management Inc is an investor bullish on Calix, Inc, owning 219637 shares as of Q3 2015 for 2.24% of its portfolio. Horrell Capital Management Inc owns 501200 shares or 2.48% of its portfolio. NY S Squared Technology Llc have 4.71% of its portfolio for 518486 shares. Further, Nokomis Capital Llc reported stake worth 3.79% of its portfolio. The CT Lapides Asset Management Llc owns 2480900 shares. Calix, Inc is 3.33% of its portfolio.

Business Profile

Calix, Inc. provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. It develops and sells carrier-class hardware and cloud products. Its portfolio consists of three core systems and/or nodes: E-Series access systems and nodes (E-Series systems and nodes), B6 access nodes (B-Series nodes), and the C7 multiservice, multiprotocol access system (C-Series system). These systems and nodes are complemented by the P-Series optical network terminals and residential gateways, the GigaFamily of GigaCenters, GigaHubs, and GigaPoints, the Calix Management System, OpenLink Cable software and Compass Cloud family of software-as-a-service products.

SEC Form 13G.

The stock increased 9.52% or $0.6 during the last trading session, reaching $6.9. About 180,725 shares traded. Calix, Inc. (NYSE:CALX) has risen 5.89% since February 15, 2017 and is uptrending. It has underperformed by 10.81% the S&P500.

Calix, Inc., together with its subsidiaries, develops, markets, and sells broadband communications access platforms, systems, and software for fiber- and copper network architectures that enable communications service providers to transform networks and connect to residential and business subscribers. The company has market cap of $347.72 million. The firm develops and sells carrier-class hardware and cloud products to enhance and transform CSP access networks to meet the demands of subscribers. It currently has negative earnings. The Company’s portfolio consists of three core systems and/or nodes: E-Series access systems and nodes, B6 access nodes, and the C7 multiservice, multiprotocol access system.

Calix, Inc. (NYSE:CALX) Ratings Coverage

Among 6 analysts covering Calix Inc. (NYSE:CALX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Calix Inc. has $10 highest and $6.0 lowest target. $7.25’s average target is 5.07% above currents $6.9 stock price. Calix Inc. had 16 analyst reports since September 30, 2015 according to SRatingsIntel. The rating was downgraded by Northland Capital on Wednesday, February 15 to “Market Perform”. The rating was upgraded by Stifel Nicolaus on Friday, January 8 to “Buy”. Cowen & Co maintained it with “Hold” rating and $6.0 target in Thursday, October 19 report. The firm has “Hold” rating given on Friday, October 30 by Jefferies. Northland Capital upgraded the shares of CALX in report on Wednesday, February 14 to “Outperform” rating. The firm has “Outperform” rating given on Wednesday, September 30 by Northland Capital. The firm earned “Hold” rating on Wednesday, August 9 by Cowen & Co. The firm earned “Hold” rating on Friday, March 24 by Jefferies. Craig Hallum upgraded the shares of CALX in report on Wednesday, November 2 to “Buy” rating. On Wednesday, October 4 the stock rating was maintained by Jefferies with “Hold”.

More notable recent Calix, Inc. (NYSE:CALX) news were published by: Globenewswire.com which released: “SKY Cable, The Philippines’ Largest Cable Operator, Selects Calix AXOS …” on February 07, 2018, also Globenewswire.com with their article: “Leading System Integrator CCI Systems Leverages Calix AXOS to Accelerate Cable …” published on February 12, 2018, Globenewswire.com published: “Calix Reports Fourth Quarter and Full Year 2017 Financial Results” on February 13, 2018. More interesting news about Calix, Inc. (NYSE:CALX) were released by: Streetinsider.com and their article: “Calix, Inc. (CALX) Misses Q4 EPS by 2c, Miss on Revenues; Offers 1Q18 EPS …” published on February 13, 2018 as well as Globenewswire.com‘s news article titled: “Calix and Verizon Achieve Major Industry Milestone with the First Large-scale …” with publication date: January 30, 2018.

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