Smartleaf Asset Management LLC Buys 640 Shares of Calix, Inc. (NYSE:CALX)

Smartleaf Asset Management LLC increased its stake in shares of Calix, Inc. (NYSE:CALX) by 367.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 814 shares of the communications equipment provider’s stock after acquiring an additional 640 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Calix were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CALX. Jacobs Levy Equity Management Inc. boosted its position in shares of Calix by 200.5% during 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 acquiring an additional 229,871 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Calix by 34.8% during the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after acquiring an additional 105,969 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Calix during the third quarter worth $3,513,000. Needham Investment Management LLC boosted its position in shares of Calix by 42.9% during the third quarter. Needham Investment Management LLC now owns 250,000 shares of the communications equipment provider’s stock worth $9,698,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Calix by 184.0% during the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider’s stock worth $4,404,000 after acquiring an additional 73,588 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CALX shares. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 16.69% of the company’s stock.

Calix Trading Up 3.0 %

Calix stock opened at $32.43 on Thursday. The firm has a 50-day moving average price of $37.73 and a 200-day moving average price of $36.41. The firm has a market capitalization of $2.16 billion, a PE ratio of -72.05 and a beta of 1.78. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $42.50.

Calix (NYSE:CALX) last released its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) 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%. As a group, sell-side analysts predict that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

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.