Dimensional Fund Advisors LP Buys 74,720 Shares of Calix, Inc. (NYSE:CALX)

Dimensional Fund Advisors LP grew its holdings in shares of Calix, Inc. (NYSE:CALX - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,832,407 shares of the communications equipment provider's stock after buying an additional 74,720 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.76% of Calix worth $63,897,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised 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 acquiring an additional 640 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares during the period. Quantbot Technologies LP bought a new position in Calix during the fourth quarter worth about $84,000. KBC Group NV increased its position in Calix by 57.8% during the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock worth $97,000 after buying an additional 1,015 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake 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 buying an additional 465 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of NYSE CALX traded up $0.31 during mid-day trading on Wednesday, reaching $42.19. The company had a trading volume of 732,985 shares, compared to its average volume of 688,169. Calix, Inc. has a one year low of $28.61 and a one year high of $42.50. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -93.75 and a beta of 1.38. The business's 50-day simple moving average is $35.46 and its 200 day simple moving average is $35.99.

Calix (NYSE:CALX - Get Free Report) last posted 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 during 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 in the prior year, the business earned $0.21 earnings per share. On average, sell-side analysts anticipate that Calix, Inc. will post -0.43 EPS for the current year.

Calix announced that its board has authorized a share buyback program on Monday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction dated 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. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. Roth Capital set a $50.00 price objective on shares of Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. UBS Group reissued a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities boosted their price objective on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company 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.