Nebula Research & Development LLC Has $1.16 Million Stock Position in Calix, Inc. (NYSE:CALX)

Nebula Research & Development LLC boosted its holdings in shares of Calix, Inc. (NYSE:CALX - Free Report) by 212.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,251 shares of the communications equipment provider's stock after buying an additional 22,624 shares during the quarter. Nebula Research & Development LLC owned approximately 0.05% of Calix worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CALX. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 640 shares during the period. Pacer Advisors Inc. boosted its stake 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 purchasing an additional 358 shares during the period. Quantbot Technologies LP acquired a new position in Calix in the 4th quarter valued at $84,000. KBC Group NV grew its holdings in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,015 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Calix by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after buying an additional 465 shares during the period. Institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.90% of the company's stock.

Calix Stock Performance

Shares of Calix stock traded up $0.64 during trading on Tuesday, reaching $40.69. 865,072 shares of the company's stock were exchanged, compared to its average volume of 681,828. Calix, Inc. has a 1-year low of $27.60 and a 1-year high of $42.50. The company has a market cap of $2.64 billion, a P/E ratio of -90.42 and a beta of 1.75. The firm's 50-day moving average price is $34.99 and its 200 day moving average price is $35.86.

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

Calix declared that its Board of Directors has initiated a stock buyback plan on Monday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is 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.