Guggenheim Capital LLC Has $360,000 Stake in Calix, Inc. (NYSE:CALX)

Guggenheim Capital LLC decreased its position in Calix, Inc. (NYSE:CALX - Free Report) by 90.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,317 shares of the communications equipment provider's stock after selling 103,276 shares during the period. Guggenheim Capital LLC's holdings in Calix were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after purchasing an additional 640 shares during the last quarter. Pacer Advisors Inc. grew its holdings 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 acquiring an additional 358 shares during the period. Quantbot Technologies LP bought a new stake in shares of Calix during the 4th quarter valued at $84,000. KBC Group NV boosted its position in shares of 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 purchasing an additional 1,015 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of Calix by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after purchasing an additional 465 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Up 0.8 %

Shares of NYSE:CALX traded up $0.33 during midday trading on Friday, reaching $41.64. 89,669 shares of the company were exchanged, compared to its average volume of 681,620. The firm has a market cap of $2.70 billion, a PE ratio of -92.54 and a beta of 1.75. Calix, Inc. has a fifty-two week low of $27.76 and a fifty-two week high of $42.50. The stock has a fifty day simple moving average of $35.10 and a two-hundred day simple moving average of $35.91.

Calix (NYSE:CALX - Get Free Report) last released 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. The firm had revenue of $220.20 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.21 EPS. As a group, analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current year.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the 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 directly 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 filing with the SEC, which is available at the SEC website. 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.