Marshall Wace LLP Takes Position in Calix, Inc. (NYSE:CALX)

Marshall Wace LLP acquired a new position in shares of Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 57,950 shares of the communications equipment provider's stock, valued at approximately $2,021,000. Marshall Wace LLP owned about 0.09% of Calix as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of Calix by 29.8% during the fourth 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. Quantbot Technologies LP bought a new stake in Calix during the 4th quarter worth $84,000. KBC Group NV grew its holdings in shares of Calix by 57.8% during the fourth 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. 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 valued at $217,000 after buying an additional 465 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of Calix stock traded up $0.48 on Friday, reaching $41.79. 107,046 shares of the company's stock were exchanged, compared to its average volume of 806,573. The company has a market capitalization of $2.71 billion, a P/E ratio of -92.85 and a beta of 1.75. Calix, Inc. has a 52 week low of $28.60 and a 52 week high of $42.50. The firm's 50-day moving average is $35.10 and its two-hundred day moving average is $35.91.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. The business had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, analysts expect that Calix, Inc. will post -0.43 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now owns 2,164,188 shares of the company's stock, valued at approximately $82,563,772.20. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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