D. E. Shaw & Co. Inc. Makes New Investment in Calix, Inc. (NYSE:CALX)

D. E. Shaw & Co. Inc. purchased a new position in shares of Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 110,231 shares of the communications equipment provider's stock, valued at approximately $3,844,000. D. E. Shaw & Co. Inc. owned 0.17% of Calix at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CALX. Barclays PLC increased its holdings in Calix by 184.0% in the third quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider's stock valued at $4,404,000 after purchasing an additional 73,588 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Calix in the 4th quarter valued at about $391,000. Inspire Investing LLC increased its stake in shares of Calix by 9.2% in the 4th quarter. Inspire Investing LLC now owns 11,613 shares of the communications equipment provider's stock valued at $405,000 after acquiring an additional 978 shares during the last quarter. KBC Group NV boosted its stake in Calix by 57.8% during the 4th 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 during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Calix by 29.8% during the fourth 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. 98.14% of the stock is owned by institutional investors.

Calix Trading Down 0.5%

Shares of Calix stock traded down $0.22 during trading on Thursday, reaching $46.81. The stock had a trading volume of 851,498 shares, compared to its average volume of 698,315. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -104.01 and a beta of 1.38. The stock has a fifty day moving average price of $37.87 and a two-hundred day moving average price of $36.51. Calix, Inc. has a 52 week low of $28.61 and a 52 week high of $47.31.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $220.20 million for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $0.21 EPS. On average, equities analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix announced that its board has initiated a share repurchase plan on Monday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Roth Capital set a $50.00 target price on shares of Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. UBS Group reaffirmed a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Finally, Rosenblatt Securities boosted their price objective on Calix from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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 shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the sale, the director now directly owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. The trade was a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.90% of the stock is currently owned by corporate insiders.

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.