Connor Clark & Lunn Investment Management Ltd. Buys 256,829 Shares of Calix, Inc. (NYSE:CALX)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 2,741.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,197 shares of the communications equipment provider's stock after buying an additional 256,829 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.40% of Calix worth $9,282,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CALX. Smartleaf Asset Management LLC boosted its position in Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after buying an additional 640 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Calix by 998.1% in the third 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 during the last quarter. Pacer Advisors Inc. increased its position in Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock worth $54,000 after purchasing an additional 358 shares during the period. Truvestments Capital LLC acquired a new stake in Calix in the third quarter worth about $76,000. Finally, FMR LLC raised its holdings 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 during the last quarter. 98.14% of the stock is owned by institutional investors.

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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 dated 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 approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.69% of the company's stock.

Calix Stock Performance

CALX stock traded up $0.53 during midday trading on Wednesday, hitting $34.88. 666,194 shares of the company's stock were exchanged, compared to its average volume of 634,373. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50. The company has a market cap of $2.33 billion, a PE ratio of -77.52 and a beta of 1.78. The stock's fifty day moving average price is $37.54 and its 200-day moving average price is $36.29.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data 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, analysts expect that Calix, Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CALX. JPMorgan Chase & Co. lifted their price target on shares of Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Calix in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Calix presently has an average rating of "Moderate Buy" and an average 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.