TradeLink Capital LLC Makes New Investment in Calix, Inc. (NYSE:CALX)

TradeLink Capital LLC bought a new position in Calix, Inc. (NYSE:CALX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,583 shares of the communications equipment provider's stock, valued at approximately $299,000. Calix accounts for about 2.9% of TradeLink Capital LLC's investment portfolio, making the stock its 11th largest position.

A number of other large investors have also added to or reduced their stakes in CALX. Jacobs Levy Equity Management Inc. grew its position in Calix by 200.5% in the 3rd 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. Rockefeller Capital Management L.P. grew its position in Calix by 34.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider's stock worth $15,921,000 after purchasing an additional 105,969 shares during the period. HighTower Advisors LLC bought a new stake in Calix in the 3rd quarter worth approximately $3,513,000. Needham Investment Management LLC grew its position in Calix by 42.9% in the 3rd quarter. Needham Investment Management LLC now owns 250,000 shares of the communications equipment provider's stock worth $9,698,000 after purchasing an additional 75,000 shares during the period. Finally, Barclays PLC grew its position in Calix by 184.0% in the 3rd 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 during the period. Institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a research 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 report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Calix currently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

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Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 16.69% of the stock is currently owned by insiders.

Calix Stock Performance

Shares of Calix stock opened at $32.00 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of -71.10 and a beta of 1.78. The company has a fifty day moving average of $37.95 and a 200 day moving average of $36.54. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share 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%. Analysts forecast that Calix, Inc. will post -0.43 EPS for the current 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.

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