Amundi Takes Position in Calix, Inc. (NYSE:CALX)

Amundi bought a new stake in Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,639 shares of the communications equipment provider's stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CALX. Atria Investments Inc purchased a new stake in Calix during the 3rd quarter worth about $258,000. Pathstone Holdings LLC increased its stake in shares of Calix by 18.4% during 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. Avior Wealth Management LLC raised its holdings in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock valued at $46,000 after acquiring an additional 1,078 shares in the last quarter. Intech Investment Management LLC purchased a new position in Calix in the third quarter worth approximately $549,000. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $23,318,000 after acquiring an additional 12,637 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Down 1.4 %

CALX traded down $0.53 on Tuesday, reaching $36.81. The company had a trading volume of 603,529 shares, compared to its average volume of 635,060. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50. The stock has a market capitalization of $2.45 billion, a PE ratio of -81.80 and a beta of 1.78. The stock has a 50-day moving average price of $37.43 and a 200-day moving average price of $36.26.

Remove Ads

Calix (NYSE:CALX - Get Free Report) last posted its earnings results 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%. As a group, analysts expect that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were 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 in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CALX shares. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.17.

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.