Aquatic Capital Management LLC Acquires 7,096 Shares of Calix, Inc. (NYSE:CALX)

Aquatic Capital Management LLC raised its holdings in shares of Calix, Inc. (NYSE:CALX - Free Report) by 51.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,896 shares of the communications equipment provider's stock after buying an additional 7,096 shares during the period. Aquatic Capital Management LLC's holdings in Calix were worth $729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CALX. Smartleaf Asset Management LLC lifted its position in Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after purchasing an additional 640 shares during the last quarter. Pacer Advisors Inc. boosted its position in Calix by 29.8% during 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 period. Quantbot Technologies LP bought a new stake in Calix in the 4th quarter worth $84,000. KBC Group NV raised its stake in shares of 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 acquiring an additional 1,015 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Calix by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after purchasing an additional 465 shares during the period. 98.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $39.59, for a total transaction of $989,750.00. Following the sale, the director now directly owns 2,139,188 shares in the company, valued at approximately $84,690,452.92. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.90% of the stock is owned by company insiders.

Calix Stock Up 1.0 %

Shares of CALX opened at $41.31 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of -91.79 and a beta of 1.75. The business's 50 day moving average price is $35.10 and its 200-day moving average price is $35.91. Calix, Inc. has a 52 week low of $27.76 and a 52 week high of $42.50.

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

Calix announced that its board has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Roth Capital set a $50.00 price target on Calix and gave the company a "buy" rating in a 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 report on Tuesday, April 22nd. UBS Group reiterated a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. Rosenblatt Securities upped their price objective on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Calix has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

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.

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