Dynamic Technology Lab Private Ltd Purchases New Position in Calix, Inc. (NYSE:CALX)

Dynamic Technology Lab Private Ltd purchased a new stake in Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,686 shares of the communications equipment provider's stock, valued at approximately $512,000.

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Calix by 367.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after buying an additional 640 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Calix during the fourth quarter worth about $84,000. FMR LLC increased its stake 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 valued at $93,000 after buying an additional 789 shares during the period. Finally, KBC Group NV raised its holdings in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,015 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

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Calix Stock Up 1.2 %

Calix stock traded up $0.42 during trading hours on Monday, reaching $34.06. 123,265 shares of the company's stock were exchanged, compared to its average volume of 664,332. The firm's 50 day simple moving average is $36.02 and its 200 day simple moving average is $35.95. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $42.50. The firm has a market capitalization of $2.27 billion, a PE ratio of -75.69 and a beta of 1.75.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Analysts anticipate that Calix, Inc. will post -0.43 EPS for the current year.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the firm's 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 completion of the sale, the director now owns 2,164,188 shares of the company's stock, valued at approximately $82,563,772.20. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.69% of the company's stock.

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.