G2 Investment Partners Management LLC Acquires 8,065 Shares of Calix, Inc. (NYSE:CALX)

G2 Investment Partners Management LLC raised its position in Calix, Inc. (NYSE:CALX - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,994 shares of the communications equipment provider's stock after acquiring an additional 8,065 shares during the quarter. G2 Investment Partners Management LLC owned approximately 0.17% of Calix worth $3,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Calix by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock worth $278,185,000 after purchasing an additional 412,982 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $63,897,000 after buying an additional 74,720 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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. Geode Capital Management LLC increased its holdings in 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 worth $46,657,000 after acquiring an additional 6,144 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Calix by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider's stock worth $22,639,000 after acquiring an additional 48,098 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Up 0.4%

Shares of CALX stock traded up $0.20 on Wednesday, reaching $45.10. The company's stock had a trading volume of 227,867 shares, compared to its average volume of 802,689. Calix, Inc. has a 1 year low of $28.60 and a 1 year high of $45.38. The stock's fifty day simple moving average is $36.18 and its 200-day simple moving average is $36.13. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -100.22 and a beta of 1.38.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $206.98 million. During the same quarter last year, the business posted $0.21 earnings per share. Equities research analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current year.

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

Insider Activity at Calix

In other Calix 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 value of $989,750.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CALX has been the subject of several recent analyst reports. Rosenblatt Securities upped their target price on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. 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. JPMorgan Chase & Co. boosted their price target on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Roth Capital set a $50.00 price target on Calix and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, UBS Group reaffirmed a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.