Arrowstreet Capital Limited Partnership Takes Position in Calix, Inc. (NYSE:CALX)

Arrowstreet Capital Limited Partnership acquired a new stake in Calix, Inc. (NYSE:CALX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 30,946 shares of the communications equipment provider's stock, valued at approximately $1,079,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Calix by 49.0% during the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider's stock worth $93,000 after purchasing an additional 789 shares in the last quarter. Stifel Financial Corp increased its position in shares of Calix by 113.2% during the third quarter. Stifel Financial Corp now owns 17,588 shares of the communications equipment provider's stock worth $682,000 after acquiring an additional 9,339 shares during the period. Wellington Management Group LLP raised its stake in shares of Calix by 1.1% in the third quarter. Wellington Management Group LLP now owns 201,139 shares of the communications equipment provider's stock valued at $7,802,000 after acquiring an additional 2,231 shares in the last quarter. National Bank of Canada FI boosted its holdings in Calix by 0.4% in the third quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider's stock valued at $5,515,000 after purchasing an additional 520 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Calix in the 3rd quarter valued at about $776,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Up 1.4 %

CALX traded up $0.48 on Tuesday, reaching $34.43. The company had a trading volume of 708,184 shares, compared to its average volume of 666,831. The stock has a 50-day moving average price of $35.85 and a 200-day moving average price of $35.92. The stock has a market capitalization of $2.29 billion, a PE ratio of -76.50 and a beta of 1.75. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50.

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Calix (NYSE:CALX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.69% of the company's stock.

Wall Street Analysts Forecast Growth

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