Calix, Inc. (NYSE:CALX) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Calix, Inc. (NYSE:CALX) by 83.5% in the fourth quarter, HoldingsChannel reports. The firm owned 25,961 shares of the communications equipment provider’s stock after buying an additional 11,813 shares during the period. Intech Investment Management LLC’s holdings in Calix were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Atria Investments Inc acquired a new position in shares of Calix in the 3rd quarter valued at about $258,000. Pathstone Holdings LLC raised its position in Calix by 18.4% during the third quarter. Pathstone Holdings LLC now owns 48,445 shares of the communications equipment provider’s stock valued at $1,879,000 after acquiring an additional 7,521 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Calix by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider’s stock worth $23,318,000 after purchasing an additional 12,637 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Calix during the 3rd quarter worth approximately $76,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix 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 $82,563,772.20. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.69% of the stock is owned by company insiders.

Calix Stock Performance

Shares of NYSE CALX opened at $35.97 on Monday. The firm has a fifty day moving average of $37.41 and a 200 day moving average of $36.26. The firm has a market cap of $2.40 billion, a PE ratio of -79.94 and a beta of 1.78. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50.

Calix (NYSE:CALX) last released its 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 return on equity of 3.43% and a negative net margin of 3.58%. On average, equities analysts predict that Calix, Inc. will post -0.43 EPS for the current fiscal year.

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.