Charles Schwab Investment Management Inc. Has $22.64 Million Stock Position in Calix, Inc. (NYSE:CALX)

Charles Schwab Investment Management Inc. raised its position in shares of Calix, Inc. (NYSE:CALX) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,244 shares of the communications equipment provider’s stock after purchasing an additional 48,098 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.98% of Calix worth $22,639,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Calix by 367.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 640 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 1,078 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of 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 in the last quarter. Truvestments Capital LLC acquired a new position in shares of Calix during the third quarter worth $76,000. Finally, FMR LLC increased its holdings in shares of Calix by 49.0% during the third quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock worth $93,000 after buying an additional 789 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Stock Up 2.9 %

Shares of Calix stock opened at $34.37 on Wednesday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -76.38 and a beta of 1.78. The company’s fifty day moving average is $37.54 and its 200 day moving average is $36.29. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $42.50.

Calix (NYSE:CALX) last issued its quarterly 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, equities analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In other Calix 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 transaction of $953,750.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.69% of the company’s stock.

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.