Intech Investment Management LLC Boosts Holdings in Calix, Inc. (NYSE:CALX)

Intech Investment Management LLC lifted its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,961 shares of the communications equipment provider's stock after buying an additional 11,813 shares during the period. Intech Investment Management LLC's holdings in Calix were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CALX. Pacer Advisors Inc. raised its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Calix by 7.1% in the fourth quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock valued at $248,000 after purchasing an additional 469 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Calix by 0.4% in the third quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider's stock valued at $5,515,000 after purchasing an additional 520 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Calix by 367.8% during 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. Finally, FMR LLC boosted its stake in Calix by 49.0% during the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider's stock worth $93,000 after buying an additional 789 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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Calix Price Performance

Shares of CALX stock traded down $0.40 on Thursday, hitting $35.87. The stock had a trading volume of 530,775 shares, compared to its average volume of 633,419. The company's 50 day moving average price is $37.40 and its 200-day moving average price is $36.28. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50. The firm has a market capitalization of $2.39 billion, a P/E ratio of -79.71 and a beta of 1.78.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results 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, equities analysts forecast that Calix, Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised 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. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Calix in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.17.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business'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 transaction, the director now directly owns 2,164,188 shares of the company's stock, valued at $82,563,772.20. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.69% of the stock is owned by insiders.

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.