Boothbay Fund Management LLC Grows Stock Holdings in Calix, Inc. (NYSE:CALX)

Boothbay Fund Management LLC increased its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 103.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,207 shares of the communications equipment provider's stock after buying an additional 20,955 shares during the quarter. Boothbay Fund Management LLC owned about 0.06% of Calix worth $1,437,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after purchasing an additional 640 shares during the period. Pacer Advisors Inc. grew its stake in shares of Calix by 29.8% in 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Calix in the fourth quarter valued at $84,000. KBC Group NV raised its holdings in shares of Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,015 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake in Calix by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after acquiring an additional 465 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CALX. Rosenblatt Securities boosted their price target on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. UBS Group reaffirmed a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target 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. Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 price objective on shares of Calix in a research report on Tuesday, April 22nd. Finally, Roth Capital set a $50.00 target price on Calix and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

Calix Price Performance

Shares of CALX traded up $0.40 during mid-day trading on Thursday, reaching $41.31. The company's stock had a trading volume of 751,219 shares, compared to its average volume of 683,937. Calix, Inc. has a 12-month low of $27.76 and a 12-month high of $42.50. The stock has a market cap of $2.68 billion, a PE ratio of -91.79 and a beta of 1.75. The company's 50 day moving average is $35.10 and its 200 day moving average is $35.91.

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 for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The company had revenue of $220.20 million for the quarter, compared to analysts' expectations of $206.98 million. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. During the same quarter last year, the company earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix announced that its board has approved a stock 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 reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the business's 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 completion of the sale, the director now owns 2,139,188 shares in the company, valued at approximately $84,690,452.92. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is currently owned by insiders.

Calix Company 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.