D. E. Shaw & Co. Inc. Invests $3.84 Million in Calix, Inc. (NYSE:CALX)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Calix, Inc. (NYSE:CALX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 110,231 shares of the communications equipment provider's stock, valued at approximately $3,844,000. D. E. Shaw & Co. Inc. owned approximately 0.17% of Calix at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Calix by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider's stock worth $63,897,000 after acquiring an additional 74,720 shares during the last quarter. Bank of New York Mellon Corp grew 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 worth $47,885,000 after acquiring an additional 45,195 shares during the last quarter. Geode Capital Management LLC grew its position in Calix by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,337,709 shares of the communications equipment provider's stock worth $46,657,000 after acquiring an additional 6,144 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Calix by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider's stock worth $22,639,000 after acquiring an additional 48,098 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of CALX stock traded down $0.01 during mid-day trading on Friday, hitting $46.78. The company's stock had a trading volume of 497,170 shares, compared to its average volume of 698,740. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -103.95 and a beta of 1.38. Calix, Inc. has a 52-week low of $28.61 and a 52-week high of $47.34. The business has a 50-day moving average price of $38.39 and a 200 day moving average price of $36.68.

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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. The business had revenue of $220.20 million during the quarter, compared to analyst estimates of $206.98 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Equities research analysts predict that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix announced that its Board of Directors has initiated a stock repurchase plan on Monday, April 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 4.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the firm's 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 transaction, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.90% of the stock is owned by corporate insiders.

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.