Calix, Inc. (NYSE:CALX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Calix, Inc. (NYSE:CALX - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 2.76% of Calix worth $63,897,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CALX. Barclays PLC boosted its position in shares of Calix by 184.0% during the 3rd quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider's stock worth $4,404,000 after purchasing an additional 73,588 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Calix by 46.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider's stock valued at $4,948,000 after buying an additional 40,306 shares during the period. 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 worth $419,000 after acquiring an additional 1,845 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Calix during the fourth quarter worth about $391,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

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 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 owns 2,139,188 shares in the company, valued at $84,690,452.92. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.90% of the stock is owned by company insiders.

Calix Stock Up 1.0 %

NYSE:CALX opened at $41.31 on Friday. Calix, Inc. has a 52-week low of $27.76 and a 52-week high of $42.50. The stock's 50 day moving average price is $35.10 and its 200 day moving average price is $35.91. The company has a market capitalization of $2.68 billion, a PE ratio of -91.79 and a beta of 1.75.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results 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. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. The firm had revenue of $220.20 million during the quarter, compared to analysts' expectations of $206.98 million. During the same quarter in the prior year, the business earned $0.21 EPS. 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 of Directors has authorized a stock buyback 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. 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. JPMorgan Chase & Co. increased their price target on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. UBS Group reissued a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price target on shares of Calix in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Calix has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

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.

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