Atria Investments Inc Has $248,000 Stake in Calix, Inc. (NYSE:CALX)

Atria Investments Inc raised its position in Calix, Inc. (NYSE:CALX) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,120 shares of the communications equipment provider’s stock after acquiring an additional 469 shares during the quarter. Atria Investments Inc’s holdings in Calix were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Calix by 14.1% during the 4th quarter. Victory Capital Management Inc. now owns 23,324 shares of the communications equipment provider’s stock worth $813,000 after acquiring an additional 2,888 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Calix during the fourth quarter worth $218,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Calix by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider’s stock valued at $22,639,000 after purchasing an additional 48,098 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 640 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Calix by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider’s stock worth $47,885,000 after buying an additional 45,195 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CALX shares. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Calix Stock Performance

NYSE CALX opened at $34.37 on Wednesday. The firm’s fifty day moving average price is $37.54 and its two-hundred day moving average price is $36.29. The stock has a market cap of $2.29 billion, a PE ratio of -76.38 and a beta of 1.78. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $42.50.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share 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.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the business’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 value of $953,750.00. Following the transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.69% of the company’s stock.

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.