Calix, Inc. (NYSE:CALX) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in Calix, Inc. (NYSE:CALX) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,500 shares of the communications equipment provider’s stock after buying an additional 1,300 shares during the period. Swiss National Bank’s holdings in Calix were worth $4,062,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CALX. Smartleaf Asset Management LLC increased its holdings in 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. grew its position in shares of Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 358 shares during the last quarter. Truvestments Capital LLC acquired a new position in Calix during the third quarter worth approximately $76,000. FMR LLC lifted 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 buying an additional 789 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Calix by 57.8% in the fourth 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. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CALX. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Stock Performance

Shares of NYSE:CALX opened at $36.81 on Wednesday. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50. The stock has a market cap of $2.45 billion, a PE ratio of -81.80 and a beta of 1.78. The business’s fifty day moving average price is $37.43 and its two-hundred day moving average price is $36.28.

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

Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now owns 2,164,188 shares of the company’s stock, valued at $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. 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 insiders.

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.