Calix, Inc. (NYSE:CALX) Stock Holdings Raised by Divisar Capital Management LLC

Divisar Capital Management LLC grew its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 594,357 shares of the communications equipment provider's stock after purchasing an additional 146,249 shares during the quarter. Calix comprises approximately 4.5% of Divisar Capital Management LLC's investment portfolio, making the stock its 7th largest position. Divisar Capital Management LLC owned approximately 0.90% of Calix worth $20,725,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CALX. Smartleaf Asset Management LLC boosted its holdings in Calix by 367.8% in 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. grew its position in 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 acquired a new position in shares of Calix during the fourth quarter valued at about $84,000. KBC Group NV increased its position in shares of 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 acquiring an additional 1,015 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Calix during the 4th quarter worth approximately $208,000. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CALX. Roth Capital set a $50.00 price target on Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $53.00 price target on shares of Calix in a report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Rosenblatt Securities boosted their price objective on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % 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 owned by company insiders.

Calix Stock Down 1.1 %

Shares of CALX traded down $0.46 during mid-day trading on Tuesday, hitting $41.53. 213,666 shares of the company's stock traded hands, compared to its average volume of 806,629. The firm has a market capitalization of $2.69 billion, a P/E ratio of -92.34 and a beta of 1.38. The business's 50-day moving average price is $35.26 and its 200-day moving average price is $35.90. Calix, Inc. has a 1 year low of $28.60 and a 1 year high of $42.50.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company earned $0.21 earnings per share. Sell-side analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Calix declared that its board has initiated a stock repurchase program on Monday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Calix 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.