HighTower Advisors LLC Purchases 27,622 Shares of Calix, Inc. (NYSE:CALX)

HighTower Advisors LLC boosted its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,245 shares of the communications equipment provider's stock after acquiring an additional 27,622 shares during the quarter. HighTower Advisors LLC owned 0.18% of Calix worth $4,123,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Calix by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider's stock valued at $5,027,000 after purchasing an additional 6,984 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Calix by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 287,509 shares of the communications equipment provider's stock valued at $10,025,000 after buying an additional 10,393 shares in the last quarter. TradeLink Capital LLC acquired a new stake in shares of Calix in the fourth quarter valued at $299,000. Yorktown Management & Research Co Inc acquired a new position in Calix during the 4th quarter worth about $314,000. Finally, Geode Capital Management LLC grew its holdings in Calix by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider's stock worth $51,661,000 after acquiring an additional 14,725 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

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Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the firm's 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 completion of the transaction, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.69% of the stock is owned by insiders.

Calix Stock Up 3.8 %

NYSE CALX traded up $1.37 during trading hours on Monday, hitting $37.23. The company's stock had a trading volume of 862,255 shares, compared to its average volume of 635,444. 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 $2.48 billion, a P/E ratio of -82.73 and a beta of 1.78. The stock has a fifty day moving average of $37.41 and a 200 day moving average of $36.26.

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 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%. On average, analysts predict that Calix, Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of research analyst reports. 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. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Calix presently has an average rating of "Moderate Buy" and a consensus target price of $43.17.

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.