Two Sigma Investments LP Grows Holdings in Calix, Inc. (NYSE:CALX)

Two Sigma Investments LP boosted its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,994 shares of the communications equipment provider's stock after acquiring an additional 7,100 shares during the period. Two Sigma Investments LP's holdings in Calix were worth $1,046,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CALX. Smartleaf Asset Management LLC increased its stake in shares of Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after purchasing an additional 640 shares in the last quarter. Quantbot Technologies LP bought a new position in Calix in the 4th quarter worth $84,000. KBC Group NV increased its stake in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock worth $97,000 after buying an additional 1,015 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Calix during the fourth quarter valued at about $208,000. Finally, Summit Investment Advisors Inc. raised its holdings in Calix by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock valued at $217,000 after acquiring an additional 465 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction 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 sale, the director now owns 2,139,188 shares in the company, valued at approximately $84,690,452.92. This represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.90% of the company's stock.

Calix Stock Up 1.2%

Calix stock traded up $0.56 during midday trading on Friday, reaching $48.09. 510,498 shares of the stock traded hands, compared to its average volume of 688,517. The stock has a market cap of $3.12 billion, a P/E ratio of -106.86 and a beta of 1.35. The stock's fifty day moving average is $40.65 and its 200-day moving average is $37.76. Calix, Inc. has a 12 month low of $28.61 and a 12 month high of $48.30.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating 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 firm had revenue of $220.20 million during the quarter, compared to the consensus estimate of $206.98 million. During the same period in the prior year, the company earned $0.21 EPS. On average, equities analysts predict that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has approved a share repurchase 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 purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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.