Marshall Wace LLP Acquires Shares of 57,950 Calix, Inc. (NYSE:CALX)

Marshall Wace LLP bought a new position in shares of Calix, Inc. (NYSE:CALX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 57,950 shares of the communications equipment provider's stock, valued at approximately $2,021,000. Marshall Wace LLP owned approximately 0.09% of Calix as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its position in Calix by 184.0% during the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider's stock worth $4,404,000 after purchasing an additional 73,588 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Calix by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider's stock valued at $4,948,000 after buying an additional 40,306 shares in the last quarter. Diversified Trust Co grew its stake in Calix by 18.1% in the 4th quarter. Diversified Trust Co now owns 12,030 shares of the communications equipment provider's stock valued at $419,000 after acquiring an additional 1,845 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Calix by 25.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 14,301 shares of the communications equipment provider's stock worth $499,000 after acquiring an additional 2,911 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Calix during the fourth quarter worth $391,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on 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. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CALX shares. Rosenblatt Securities boosted their target price on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Roth Capital set a $50.00 price objective on Calix and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. UBS Group restated a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 target price on shares of Calix in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Calix currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Calix Trading Up 1.6 %

Shares of CALX opened at $39.66 on Monday. Calix, Inc. has a 12-month low of $27.60 and a 12-month high of $42.50. The firm has a market capitalization of $2.64 billion, a P/E ratio of -88.13 and a beta of 1.75. The firm has a 50-day moving average price of $34.97 and a 200 day moving average price of $35.81.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $220.20 million during the quarter, compared to the consensus estimate of $206.98 million. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. During the same quarter last year, the firm earned $0.21 EPS. Equities research analysts predict that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has initiated a share repurchase plan on Monday, April 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Calix Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.