Trexquant Investment LP Makes New $1.79 Million Investment in Calix, Inc. (NYSE:CALX)

Trexquant Investment LP acquired a new position in shares of Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,413 shares of the communications equipment provider's stock, valued at approximately $1,793,000. Trexquant Investment LP owned approximately 0.08% of Calix as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Calix by 49.0% in 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 period. BNP Paribas Financial Markets grew its stake in Calix by 14.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,204 shares of the communications equipment provider's stock valued at $978,000 after acquiring an additional 3,190 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Calix by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider's stock valued at $5,027,000 after acquiring an additional 6,984 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Calix in the third quarter worth approximately $3,513,000. Finally, Stifel Financial Corp boosted its holdings in shares of Calix by 113.2% during the third quarter. Stifel Financial Corp now owns 17,588 shares of the communications equipment provider's stock worth $682,000 after purchasing an additional 9,339 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

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Calix Price Performance

Shares of CALX stock traded up $0.20 on Monday, hitting $33.84. The company's stock had a trading volume of 72,067 shares, compared to its average volume of 664,157. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -75.20 and a beta of 1.75. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50. The firm's fifty day moving average price is $36.02 and its 200-day moving average price is $35.95.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results 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 return on equity of 3.43% and a negative net margin of 3.58%. Analysts predict that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CALX. JPMorgan Chase & Co. upped their price objective on shares of Calix from $38.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

Insiders Place Their Bets

In related news, Director Carl Russo sold 25,000 shares of Calix 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 transaction, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 16.69% of the company's stock.

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.