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

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

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Calix by 159.3% during the fourth quarter. Mackenzie Financial Corp now owns 23,710 shares of the communications equipment provider's stock valued at $827,000 after purchasing an additional 14,567 shares during the period. North Star Asset Management Inc. lifted its holdings in Calix by 3.0% in the 4th quarter. North Star Asset Management Inc. now owns 92,390 shares of the communications equipment provider's stock worth $3,222,000 after buying an additional 2,727 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Calix during the fourth quarter valued at about $300,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Calix by 23.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,423 shares of the communications equipment provider's stock worth $5,559,000 after acquiring an additional 29,815 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Calix in the fourth quarter valued at about $7,607,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Trading Down 0.8%

CALX traded down $0.36 during trading on Wednesday, reaching $46.98. 418,114 shares of the company were exchanged, compared to its average volume of 697,364. Calix, Inc. has a 52 week low of $28.61 and a 52 week high of $48.00. The firm has a 50 day moving average of $38.86 and a 200 day moving average of $36.86. The stock has a market cap of $3.05 billion, a P/E ratio of -104.41 and a beta of 1.38.

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. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. The company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $206.98 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $39.59, for a total transaction of $989,750.00. Following the sale, the director now directly owns 2,139,188 shares in the company, valued at $84,690,452.92. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.90% of the company's stock.

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.