Boothbay Fund Management LLC Has $1.44 Million Stock Position in Calix, Inc. (NYSE:CALX)

Boothbay Fund Management LLC grew its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 103.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.06% of Calix worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CALX. Smartleaf Asset Management LLC boosted its position in Calix by 367.8% during the fourth 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. raised its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock worth $54,000 after acquiring an additional 358 shares during the period. Quantbot Technologies LP acquired a new position in Calix during the 4th quarter worth $84,000. KBC Group NV boosted 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 acquiring an additional 1,015 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in shares of 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 last quarter. Institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on CALX shares. JPMorgan Chase & Co. increased their target price on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Needham & Company LLC reissued a "buy" rating and issued a $53.00 price objective on shares of Calix in a research report on Tuesday, April 22nd. Rosenblatt Securities boosted their target price 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 report on Tuesday, April 22nd. Finally, Roth Capital set a $50.00 price objective on shares of Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and six have issued 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 price target of $47.83.

Calix Stock Up 1.7 %

NYSE:CALX traded up $0.70 during trading hours on Friday, reaching $42.01. The company had a trading volume of 808,821 shares, compared to its average volume of 684,800. The stock has a 50-day moving average of $35.18 and a two-hundred day moving average of $35.88. Calix, Inc. has a one year low of $28.61 and a one year high of $42.50. The firm has a market capitalization of $2.72 billion, a PE ratio of -93.35 and a beta of 1.38.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, topping 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 business had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, sell-side analysts expect that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix declared that its board has initiated a share buyback 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 a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm's 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 completion of the sale, the director now directly owns 2,139,188 shares of the company's stock, valued at $84,690,452.92. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.90% of the company's stock.

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.