Artisan Partners Limited Partnership Has $38.71 Million Position in Calix, Inc. (NYSE:CALX)

Artisan Partners Limited Partnership decreased its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,110,105 shares of the communications equipment provider's stock after selling 29,456 shares during the quarter. Artisan Partners Limited Partnership owned 1.67% of Calix worth $38,709,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CALX. Intech Investment Management LLC bought a new position in shares of Calix in the 3rd quarter valued at $549,000. Charles Schwab Investment Management Inc. raised its stake in Calix by 2.1% during the third 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. FMR LLC lifted its holdings 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 worth $93,000 after acquiring an additional 789 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Calix by 14.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,204 shares of the communications equipment provider's stock valued at $978,000 after purchasing an additional 3,190 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of Calix by 29.7% during the 3rd quarter. Townsquare Capital LLC now owns 113,655 shares of the communications equipment provider's stock valued at $4,409,000 after purchasing an additional 26,007 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Calix from $38.00 to $45.00 and gave the company 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. According to data from MarketBeat.com, Calix presently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

Calix Stock Performance

Shares of NYSE:CALX traded up $0.26 during mid-day trading on Wednesday, reaching $35.42. 59,020 shares of the company's stock were exchanged, compared to its average volume of 682,671. 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 $2.36 billion, a price-to-earnings ratio of -78.70 and a beta of 1.78. The business's fifty day moving average price is $37.20 and its 200-day moving average price is $36.29.

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

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the business's 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 owns 2,164,188 shares in the company, valued at $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.69% 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.