Vanguard Group Inc. Increases Stock Position in Calix, Inc. (NYSE:CALX)

Vanguard Group Inc. lifted its stake in shares of Calix, Inc. (NYSE:CALX - Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,977,769 shares of the communications equipment provider's stock after acquiring an additional 412,982 shares during the quarter. Vanguard Group Inc. owned 12.03% of Calix worth $278,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Calix by 2,741.6% in 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 during the last quarter. HighTower Advisors LLC purchased a new position in Calix in the third quarter valued at $3,513,000. Barclays PLC increased its holdings in Calix by 184.0% in the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider's stock valued at $4,404,000 after buying an additional 73,588 shares during the last quarter. Castleark Management LLC acquired a new stake in Calix in the third quarter valued at $2,399,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Calix by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider's stock worth $22,639,000 after buying an additional 48,098 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

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 stock was 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 of the company's stock, 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 this hyperlink. Corporate insiders own 17.04% of the company's stock.

Calix Stock Up 11.5 %

NYSE:CALX traded up $3.60 during mid-day trading on Wednesday, reaching $34.85. 962,602 shares of the stock were exchanged, compared to its average volume of 668,342. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50. The company has a 50 day simple moving average of $36.28 and a 200-day simple moving average of $36.04. The stock has a market capitalization of $2.32 billion, a P/E ratio of -77.44 and a beta of 1.75.

Calix (NYSE:CALX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS 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%. As a group, research analysts predict that Calix, Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

CALX has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

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.