Squarepoint Ops LLC Has $5.11 Million Stock Position in Calix, Inc. (NYSE:CALX)

Squarepoint Ops LLC increased its stake in shares of Calix, Inc. (NYSE:CALX - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,452 shares of the communications equipment provider's stock after buying an additional 25,352 shares during the quarter. Squarepoint Ops LLC owned about 0.22% of Calix worth $5,107,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Calix by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock worth $278,185,000 after buying an additional 412,982 shares during the last quarter. Millennium Management LLC boosted its stake in Calix by 77.8% during the fourth quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock valued at $70,828,000 after buying an additional 889,102 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 74,720 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Calix by 3.4% during the fourth 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 buying an additional 45,195 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 purchasing an additional 6,144 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Calix Price Performance

Calix stock traded down $0.58 during mid-day trading on Friday, hitting $46.16. The company's stock had a trading volume of 59,274 shares, compared to its average volume of 693,668. The firm's 50 day moving average is $39.27 and its 200 day moving average is $37.03. The company has a market cap of $2.99 billion, a PE ratio of -102.58 and a beta of 1.38. Calix, Inc. has a 52-week low of $28.61 and a 52-week high of $47.73.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $206.98 million. During the same period last year, the business earned $0.21 EPS. As a group, analysts forecast that Calix, Inc. will post -0.43 EPS for the current year.

Calix declared that its board has authorized a share buyback program on Monday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $39.59, for a total transaction of $989,750.00. Following the transaction, the director now owns 2,139,188 shares in the company, valued at $84,690,452.92. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.90% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CALX. UBS Group reiterated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. 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. Rosenblatt Securities increased their price target on Calix from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price target on shares of Calix in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Calix currently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

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.