KLP Kapitalforvaltning AS Acquires Shares of 12,200 Calix, Inc. (NYSE:CALX)

KLP Kapitalforvaltning AS bought a new position in shares of Calix, Inc. (NYSE:CALX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,200 shares of the communications equipment provider’s stock, valued at approximately $425,000.

Other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Calix by 5.7% in 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 worth $5,027,000 after acquiring an additional 6,984 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Calix by 30.5% in the fourth quarter. HighTower Advisors LLC now owns 118,245 shares of the communications equipment provider’s stock valued at $4,123,000 after purchasing an additional 27,622 shares during the period. Amundi purchased a new stake in shares of Calix during the fourth quarter worth about $330,000. Principal Financial Group Inc. raised its position in shares of Calix by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 287,509 shares of the communications equipment provider’s stock worth $10,025,000 after purchasing an additional 10,393 shares during the last quarter. Finally, TradeLink Capital LLC purchased a new position in Calix in the 4th quarter valued at about $299,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 16.69% of the company’s stock.

Calix Stock Down 2.9 %

NYSE CALX opened at $31.46 on Friday. The business’s fifty day simple moving average is $36.83 and its 200-day simple moving average is $36.23. The firm has a market cap of $2.10 billion, a PE ratio of -69.91 and a beta of 1.75. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $42.50.

Calix (NYSE:CALX) last released its quarterly earnings data 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%. Research analysts expect that Calix, Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

CALX has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Calix from $38.00 to $45.00 and gave the stock 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 stock. According to MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and a consensus price target 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.