Calix, Inc. (NYSE:CALX) Stock Position Lifted by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its position in Calix, Inc. (NYSE:CALX - Free Report) by 91.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,012 shares of the communications equipment provider's stock after acquiring an additional 20,121 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of Calix worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Calix by 7.1% in the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock valued at $248,000 after purchasing an additional 469 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Calix by 0.4% during the 3rd quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider's stock worth $5,515,000 after purchasing an additional 520 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after purchasing an additional 640 shares during the period. Finally, FMR LLC increased its position in Calix by 49.0% during the 3rd 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. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on CALX. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.17.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the company'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 sale, the director now directly owns 2,164,188 shares of the company's stock, valued at $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.69% of the stock is currently owned by corporate insiders.

Calix Price Performance

CALX traded up $0.60 during trading hours on Tuesday, reaching $34.55. 99,375 shares of the stock traded hands, compared to its average volume of 664,391. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -76.76 and a beta of 1.75. The firm's fifty day simple moving average is $35.85 and its two-hundred day simple moving average is $35.92.

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 return on equity of 3.43% and a negative net margin of 3.58%. On average, research analysts predict that Calix, Inc. will post -0.43 earnings per share for the current year.

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.