Swiss National Bank Purchases 1,300 Shares of Calix, Inc. (NYSE:CALX)

Swiss National Bank raised its stake in shares of Calix, Inc. (NYSE:CALX) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,500 shares of the communications equipment provider’s stock after acquiring an additional 1,300 shares during the quarter. Swiss National Bank owned approximately 0.18% of Calix worth $4,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Calix by 2,741.6% in the fourth 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 buying an additional 256,829 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings 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 valued at $13,364,000 after acquiring an additional 229,871 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of 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 valued at $15,921,000 after purchasing an additional 105,969 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Calix in the 3rd quarter worth approximately $3,513,000. Finally, Needham Investment Management LLC lifted its position in Calix by 42.9% during the 3rd 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 period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CALX has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and an average price target of $43.17.

Calix Stock Down 1.4 %

Shares of NYSE CALX opened at $36.81 on Wednesday. The firm has a 50-day simple moving average of $37.43 and a 200-day simple moving average of $36.28. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -81.80 and a beta of 1.78. Calix, Inc. has a 52 week low of $26.76 and a 52 week 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 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%. As a group, equities research analysts expect 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.