Vanguard Group Inc. Acquires 412,982 Shares of Calix, Inc. (NYSE:CALX)

Vanguard Group Inc. lifted its holdings in shares of Calix, Inc. (NYSE:CALX) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CALX. Smartleaf Asset Management LLC raised its stake in shares of Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 640 shares during the period. Pacer Advisors Inc. increased its holdings in Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 358 shares during the last quarter. Quantbot Technologies LP bought a new stake in Calix in the fourth quarter worth about $84,000. FMR LLC boosted its stake in Calix by 49.0% in the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock valued at $93,000 after acquiring an additional 789 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Calix by 57.8% during the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider’s stock valued at $97,000 after acquiring an additional 1,015 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the company’s 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 of the company’s stock, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on 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 assigned a buy rating to the company. Based on data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and an average price target of $43.17.

Calix Price Performance

Shares of CALX stock opened at $31.46 on Friday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -69.91 and a beta of 1.75. The company’s fifty day simple moving average is $36.83 and its two-hundred day simple moving average is $36.23. Calix, Inc. has a 1 year low of $26.76 and a 1 year 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 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%. Equities research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current year.

About Calix

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.