16,485 Shares in Calix, Inc. (NYSE:CALX) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in Calix, Inc. (NYSE:CALX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,485 shares of the communications equipment provider's stock, valued at approximately $575,000.

A number of other hedge funds have also added to or reduced their stakes in CALX. Smartleaf Asset Management LLC increased its holdings in Calix by 367.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after buying an additional 640 shares during the last quarter. Pacer Advisors Inc. lifted its position in Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares in the last quarter. Quantbot Technologies LP bought a new stake in Calix during the fourth quarter valued at about $84,000. KBC Group NV grew its holdings in Calix by 57.8% during the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,015 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Calix in the fourth quarter worth about $208,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $39.59, for a total value of $989,750.00. Following the sale, the director now owns 2,139,188 shares of the company's stock, valued at $84,690,452.92. The trade was a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 16.90% of the company's stock.

Calix Trading Down 0.3%

NYSE CALX opened at $44.76 on Thursday. Calix, Inc. has a 12 month low of $28.61 and a 12 month high of $45.38. The stock has a market cap of $2.90 billion, a PE ratio of -99.46 and a beta of 1.38. The stock's 50 day moving average is $36.44 and its 200 day moving average is $36.19.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. The firm had revenue of $220.20 million for the quarter, compared to analysts' expectations of $206.98 million. During the same quarter last year, the business posted $0.21 earnings per share. On average, analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has authorized a share repurchase plan on Monday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Roth Capital set a $50.00 price objective on Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $53.00 target price on shares of Calix in a research note on Tuesday, April 22nd. Rosenblatt Securities upped their price target on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. UBS Group reissued a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.83.

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.

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