Price T Rowe Associates Inc. MD Purchases Shares of 9,668 Calix, Inc. (NYSE:CALX)

Price T Rowe Associates Inc. MD acquired a new stake in shares of Calix, Inc. (NYSE:CALX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,668 shares of the communications equipment provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Psagot Investment House Ltd. purchased a new stake in Calix in the fourth quarter valued at about $31,178,000. Lord Abbett & CO. LLC lifted its holdings in Calix by 63.1% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,594,560 shares of the communications equipment provider’s stock valued at $77,214,000 after purchasing an additional 1,004,122 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Calix by 1,301.5% in the fourth quarter. Alliancebernstein L.P. now owns 821,307 shares of the communications equipment provider’s stock valued at $24,442,000 after purchasing an additional 762,707 shares during the last quarter. Redwood Investments LLC purchased a new stake in shares of Calix in the fourth quarter valued at about $17,425,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Calix by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,969,518 shares of the communications equipment provider’s stock worth $88,373,000 after buying an additional 262,318 shares during the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.

In other news, Director Kevin A. Denuccio sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $31.90, for a total transaction of $1,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.54% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, April 6th. Craig Hallum cut shares of Calix from a “buy” rating to a “hold” rating in a report on Friday, January 29th. BWS Financial initiated coverage on Calix in a research note on Monday, March 29th. They set a “sell” rating and a $13.00 price target on the stock. Jefferies Financial Group raised their price objective on shares of Calix from $40.00 to $52.00 in a research note on Wednesday, April 7th. Finally, Cowen boosted their price objective on shares of Calix from $32.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.36.

Shares of NYSE:CALX opened at $40.84 on Wednesday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 291.71 and a beta of 1.49. Calix, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $48.78. The business has a 50-day moving average of $41.62 and a two-hundred day moving average of $31.77.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, January 26th. The communications equipment provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $170.00 million for the quarter, compared to the consensus estimate of $159.52 million. Calix had a return on equity of 13.51% and a net margin of 2.01%. As a group, equities analysts forecast that Calix, Inc. will post 0.66 earnings per share for the current fiscal year.

About Calix

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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