Calix, Inc. (NYSE:CALX) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,545 shares of the communications equipment provider's stock after purchasing an additional 29,325 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.83% of Calix worth $19,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CALX. Pacer Advisors Inc. grew 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 buying an additional 358 shares during the period. Summit Investment Advisors Inc. grew its holdings in Calix by 8.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock valued at $217,000 after purchasing an additional 465 shares during the period. Atria Investments Inc raised its stake in shares of Calix by 7.1% during the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock worth $248,000 after buying an additional 469 shares during the period. Smartleaf Asset Management LLC grew its stake in Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after acquiring an additional 640 shares during the period. Finally, Inspire Investing LLC increased its holdings in Calix by 9.2% in the 4th quarter. Inspire Investing LLC now owns 11,613 shares of the communications equipment provider's stock worth $405,000 after acquiring an additional 978 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Price Performance

Calix stock opened at $44.76 on Thursday. The firm has a 50 day simple moving average of $36.44 and a 200-day simple moving average of $36.19. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -99.46 and a beta of 1.38. Calix, Inc. has a 1-year low of $28.61 and a 1-year high of $45.38.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating 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. Equities analysts expect that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has initiated a share repurchase plan on Monday, April 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the business'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 sale, the director now directly owns 2,164,188 shares of the company's stock, valued at approximately $82,563,772.20. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

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