Calix, Inc. (NYSE:CALX) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,423 shares of the communications equipment provider's stock after purchasing an additional 29,815 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Calix worth $5,559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock worth $54,000 after buying an additional 358 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Calix by 8.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after acquiring an additional 465 shares during the period. Atria Investments Inc increased its stake in shares of Calix by 7.1% in the fourth quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock worth $248,000 after acquiring an additional 469 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Calix by 367.8% during 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 during the last quarter. Finally, KBC Group NV lifted its position in Calix by 57.8% during the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,015 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the company's 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 completion of the transaction, the director now owns 2,139,188 shares in the company, valued at $84,690,452.92. This represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.90% of the company's stock.

Wall Street Analyst Weigh In

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

Calix Stock Performance

Shares of Calix stock traded down $0.04 on Wednesday, hitting $47.24. The company's stock had a trading volume of 351,688 shares, compared to its average volume of 686,659. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -104.98 and a beta of 1.35. Calix, Inc. has a 1 year low of $28.61 and a 1 year high of $48.00. The firm has a fifty day moving average price of $39.91 and a 200-day moving average price of $37.41.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $220.20 million during 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 period in the previous year, the business earned $0.21 earnings per share. As a group, analysts forecast that Calix, Inc. will post -0.43 EPS for the current year.

Calix announced that its board has approved a stock 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 repurchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally 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.