Quantbot Technologies LP Buys Shares of 2,415 Calix, Inc. (NYSE:CALX)

Quantbot Technologies LP purchased a new position in Calix, Inc. (NYSE:CALX) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,415 shares of the communications equipment provider’s stock, valued at approximately $84,000.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Calix by 3.4% in 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 purchasing an additional 45,195 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Calix by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock worth $51,661,000 after buying an additional 14,725 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 48,098 shares during the period. Polar Asset Management Partners Inc. grew its stake in Calix by 5.2% during the third quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider’s stock valued at $21,734,000 after acquiring an additional 27,900 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Calix by 34.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after acquiring an additional 105,969 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the business’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 completion of the sale, the director now directly owns 2,164,188 shares of the company’s stock, valued at $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.69% of the company’s stock.

Calix Stock Performance

NYSE CALX opened at $35.50 on Tuesday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50. The company has a fifty day moving average of $37.26 and a 200-day moving average of $36.30. The company has a market capitalization of $2.37 billion, a P/E ratio of -78.88 and a beta of 1.78.

Calix (NYSE:CALX) last posted 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 return on equity of 3.43% and a negative net margin of 3.58%. As a group, analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on CALX shares. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Calix has a consensus 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.