13,619 Shares in Calix, Inc. (NYSE:CALX) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of Calix, Inc. (NYSE:CALX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,619 shares of the communications equipment provider's stock, valued at approximately $475,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Calix by 5.7% during the third 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 worth $5,027,000 after purchasing an additional 6,984 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Calix by 30.5% in the 4th quarter. HighTower Advisors LLC now owns 118,245 shares of the communications equipment provider's stock valued at $4,123,000 after buying an additional 27,622 shares during the period. Principal Financial Group Inc. grew its position in shares of Calix by 3.8% during the 4th 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 during the last quarter. TradeLink Capital LLC acquired a new stake in Calix during the fourth quarter worth about $299,000. Finally, Amundi bought a new position in Calix in the fourth quarter worth about $330,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CALX shares. JPMorgan Chase & Co. upped their target price on Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Calix presently has an average rating of "Moderate Buy" and an average target price of $43.17.

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Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.69% of the company's stock.

Calix Trading Down 2.7 %

Calix stock traded down $0.96 during mid-day trading on Friday, hitting $34.94. The stock had a trading volume of 185,266 shares, compared to its average volume of 687,933. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $42.50. The stock has a market capitalization of $2.33 billion, a PE ratio of -77.65 and a beta of 1.78. The stock has a 50-day simple moving average of $37.36 and a two-hundred day simple moving average of $36.28.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Sell-side 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.