Calix, Inc. (NYSE:CALX) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 649,244 shares of the communications equipment provider's stock after purchasing an additional 48,098 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of Calix worth $22,639,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CALX. Atria Investments Inc acquired a new stake in shares of Calix during the 3rd quarter valued at approximately $258,000. Pathstone Holdings LLC raised its position in shares of Calix by 18.4% during the 3rd quarter. Pathstone Holdings LLC now owns 48,445 shares of the communications equipment provider's stock valued at $1,879,000 after acquiring an additional 7,521 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Calix by 102.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,026 shares of the communications equipment provider's stock valued at $505,000 after acquiring an additional 6,592 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock valued at $46,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Calix during the 3rd quarter valued at approximately $549,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CALX. Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of Calix in a research report 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 report on Friday, January 31st. Three 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 has an average rating of "Moderate Buy" and a consensus price target of $43.17.

Calix Stock Performance

Shares of NYSE:CALX traded up $0.28 on Friday, hitting $35.97. The company's stock had a trading volume of 1,185,528 shares, compared to its average volume of 635,326. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $42.50. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -79.94 and a beta of 1.78. The stock's 50-day moving average is $37.41 and its two-hundred day moving average is $36.27.

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 for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Equities analysts expect that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

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.