New Age Alpha Advisors LLC Invests $2.98 Million in Calix, Inc. (NYSE:CALX)

New Age Alpha Advisors LLC bought a new stake in shares of Calix, Inc. (NYSE:CALX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 85,502 shares of the communications equipment provider's stock, valued at approximately $2,981,000. New Age Alpha Advisors LLC owned approximately 0.13% of Calix as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Calix by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock valued at $278,185,000 after acquiring an additional 412,982 shares during the period. Norges Bank bought a new position in Calix in the 4th quarter valued at $11,518,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Calix by 2,741.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 266,197 shares of the communications equipment provider's stock valued at $9,282,000 after purchasing an additional 256,829 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Calix by 200.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider's stock worth $13,364,000 after purchasing an additional 229,871 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Calix by 93.0% in the fourth quarter. JPMorgan Chase & Co. now owns 246,199 shares of the communications equipment provider's stock worth $8,585,000 after purchasing an additional 118,629 shares during the period. 98.14% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the sale, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 16.69% of the company's stock.

Calix Price Performance

NYSE CALX traded down $3.03 during trading hours on Thursday, reaching $32.24. 170,581 shares of the stock traded hands, compared to its average volume of 658,926. The stock has a 50 day simple moving average of $37.13 and a two-hundred day simple moving average of $36.29. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -71.64 and a beta of 1.78.

Calix (NYSE:CALX - Get Free Report) last announced 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 net margin of 3.58% and a negative return on equity of 3.43%. On average, sell-side analysts forecast that Calix, Inc. will post -0.43 EPS 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.