Barclays PLC Grows Stock Holdings in Calix, Inc. (NYSE:CALX)

Barclays PLC lifted its position in Calix, Inc. (NYSE:CALX - Free Report) by 88.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,511 shares of the communications equipment provider's stock after acquiring an additional 100,932 shares during the period. Barclays PLC owned 0.32% of Calix worth $7,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of Calix by 113.2% in the third quarter. Stifel Financial Corp now owns 17,588 shares of the communications equipment provider's stock valued at $682,000 after purchasing an additional 9,339 shares during the period. JPMorgan Chase & Co. raised its position in Calix by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider's stock worth $4,948,000 after buying an additional 40,306 shares during the last quarter. Diversified Trust Co lifted its stake in Calix by 18.1% during the 4th quarter. Diversified Trust Co now owns 12,030 shares of the communications equipment provider's stock valued at $419,000 after acquiring an additional 1,845 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Calix by 25.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 14,301 shares of the communications equipment provider's stock valued at $499,000 after acquiring an additional 2,911 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Calix in the fourth quarter worth $391,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 16.90% of the company's stock.

Calix Price Performance

Shares of NYSE:CALX traded up $0.24 during midday trading on Tuesday, hitting $40.29. The company had a trading volume of 74,037 shares, compared to its average volume of 678,142. The business's 50-day simple moving average is $34.97 and its 200-day simple moving average is $35.82. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -89.48 and a beta of 1.75. Calix, Inc. has a twelve month low of $27.60 and a twelve month high of $42.50.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $220.20 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.21 EPS. As a group, sell-side analysts forecast that Calix, Inc. will post -0.43 EPS for the current year.

Calix declared that its board has approved a stock repurchase program on Monday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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