EntryPoint Capital LLC Purchases New Position in Calix, Inc. (NYSE:CALX)

EntryPoint Capital LLC purchased a new stake in Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,464 shares of the communications equipment provider's stock, valued at approximately $783,000. Calix makes up 0.3% of EntryPoint Capital LLC's investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also recently modified their holdings of CALX. Smartleaf Asset Management LLC raised its stake in Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after buying an additional 640 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider's stock worth $46,000 after acquiring an additional 1,078 shares in the last quarter. Pacer Advisors Inc. boosted its position in Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares in the last quarter. Truvestments Capital LLC purchased a new position in Calix in the third quarter valued at about $76,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Calix during the fourth quarter valued at about $84,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Stock Down 2.3 %

Shares of Calix stock traded down $0.83 on Friday, reaching $35.07. 609,415 shares of the stock were exchanged, compared to its average volume of 665,373. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $42.50. The business has a 50 day moving average price of $37.30 and a two-hundred day moving average price of $36.29. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -77.93 and a beta of 1.78.

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Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.43% and a negative net margin of 3.58%. Research analysts forecast that Calix, Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the company'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 sale, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 16.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CALX has been the subject of several recent analyst reports. 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. boosted their target price on Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.