Calix, Inc. (NYSE:CALX) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its position in Calix, Inc. (NYSE:CALX - Free Report) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,500 shares of the communications equipment provider's stock after acquiring an additional 47,200 shares during the quarter. Polar Asset Management Partners Inc. owned 0.92% of Calix worth $21,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Calix by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock valued at $278,185,000 after purchasing an additional 412,982 shares during the period. Millennium Management LLC increased its holdings 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 buying an additional 889,102 shares during the period. Dimensional Fund Advisors LP raised 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 buying an additional 74,720 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 acquiring an additional 45,195 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Calix by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,337,709 shares of the communications equipment provider's stock valued at $46,657,000 after acquiring an additional 6,144 shares during the last quarter. 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 firm'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 transaction, the director now owns 2,139,188 shares of the company's stock, valued at approximately $84,690,452.92. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.90% of the stock is owned by company insiders.

Calix Stock Performance

Calix stock traded down $0.38 during trading on Friday, hitting $46.37. The company's stock had a trading volume of 120,632 shares, compared to its average volume of 693,915. The stock's fifty day moving average is $39.27 and its 200 day moving average is $37.03. Calix, Inc. has a 1-year low of $28.61 and a 1-year high of $47.73. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -103.04 and a beta of 1.38.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $220.20 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.21 EPS. On average, research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has authorized a share repurchase plan on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Roth Capital set a $50.00 target price on shares of Calix and gave the stock a "buy" rating in a research 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 research report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Finally, Rosenblatt Securities increased their price objective on shares of Calix from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Two research 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.com, Calix presently has an average 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.