Nuveen Asset Management LLC Has $15.09 Million Holdings in Calix, Inc. (NYSE:CALX)

Nuveen Asset Management LLC grew its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 432,623 shares of the communications equipment provider's stock after acquiring an additional 29,754 shares during the period. Nuveen Asset Management LLC owned about 0.65% of Calix worth $15,086,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CALX. Vanguard Group Inc. lifted its holdings in shares of Calix by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock valued at $278,185,000 after buying an additional 412,982 shares during the period. Millennium Management LLC raised its position in Calix by 77.8% in the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock worth $70,828,000 after purchasing an additional 889,102 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Calix by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider's stock valued at $63,897,000 after purchasing an additional 74,720 shares during the period. Bank of New York Mellon Corp raised its position in Calix by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider's stock valued at $47,885,000 after purchasing an additional 45,195 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Calix by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,337,709 shares of the communications equipment provider's stock valued at $46,657,000 after buying an additional 6,144 shares during the period. Institutional investors own 98.14% of the company's stock.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $39.59, for a total value of $989,750.00. Following the sale, the director now owns 2,139,188 shares of the company's stock, valued at $84,690,452.92. The trade was a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Calix Stock Down 1.0%

CALX stock traded down $0.48 during mid-day trading on Friday, reaching $46.27. The company had a trading volume of 43,398 shares, compared to its average volume of 790,108. Calix, Inc. has a one year low of $28.60 and a one year high of $47.73. The stock's 50-day simple moving average is $39.27 and its two-hundred day simple moving average is $37.03. The stock has a market capitalization of $3.00 billion, a P/E ratio of -102.81 and a beta of 1.38.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $220.20 million during the quarter, compared to analyst estimates of $206.98 million. Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. During the same quarter last year, the company posted $0.21 EPS. On average, research analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has initiated a stock buyback program on Monday, April 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management 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.