Bank of New York Mellon Corp Grows Position in Calix, Inc. (NYSE:CALX)

Bank of New York Mellon Corp raised its stake in Calix, Inc. (NYSE:CALX - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,373,246 shares of the communications equipment provider's stock after buying an additional 45,195 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.07% of Calix worth $47,885,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock valued at $46,000 after purchasing an additional 1,078 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Calix by 29.8% in the 4th 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 during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Calix by 42.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider's stock valued at $68,000 after purchasing an additional 522 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Calix in the 3rd quarter valued at $76,000. Finally, FMR LLC lifted its stake in shares of Calix by 49.0% in the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider's stock valued at $93,000 after purchasing an additional 789 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

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Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CALX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.17.

Calix Trading Down 2.8 %

CALX traded down $0.91 during mid-day trading on Friday, hitting $32.00. 909,192 shares of the stock were exchanged, compared to its average volume of 676,664. The company has a market cap of $2.13 billion, a PE ratio of -71.10 and a beta of 1.78. The firm's fifty day moving average is $37.95 and its two-hundred day moving average is $36.54. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly 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, research analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix Company 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.