Barclays PLC Has $7.48 Million Stock Holdings in Calix, Inc. (NYSE:CALX)

Barclays PLC grew its position in Calix, Inc. (NYSE:CALX - Free Report) by 88.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,511 shares of the communications equipment provider's stock after purchasing an additional 100,932 shares during the quarter. Barclays PLC owned about 0.32% of Calix worth $7,480,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings 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 buying an additional 9,339 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Calix by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider's stock worth $4,948,000 after purchasing an additional 40,306 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Calix by 18.1% during the fourth quarter. Diversified Trust Co now owns 12,030 shares of the communications equipment provider's stock worth $419,000 after purchasing an additional 1,845 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Calix by 25.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,301 shares of the communications equipment provider's stock valued at $499,000 after buying an additional 2,911 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Calix during the fourth quarter worth approximately $391,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix 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 transaction, the director now directly owns 2,164,188 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.90% of the company's stock.

Calix Price Performance

Shares of NYSE CALX traded up $0.61 during mid-day trading on Friday, hitting $39.66. 1,453,897 shares of the stock traded hands, compared to its average volume of 679,196. The company has a market cap of $2.64 billion, a PE ratio of -88.13 and a beta of 1.75. Calix, Inc. has a twelve month low of $27.60 and a twelve month high of $42.50. The firm has a 50 day simple moving average of $34.97 and a two-hundred day simple moving average of $35.82.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. The firm had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. During the same period last year, the firm posted $0.21 earnings per share. On average, equities research analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has authorized a share buyback program on Monday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently issued reports on CALX shares. Roth Capital set a $50.00 target price on Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Rosenblatt Securities increased their price target on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.83.

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.