Mesirow Institutional Investment Management Inc. Has $13.44 Million Holdings in Calix, Inc. (NYSE:CALX)

Mesirow Institutional Investment Management Inc. boosted its stake in Calix, Inc. (NYSE:CALX - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,323 shares of the communications equipment provider's stock after acquiring an additional 23,646 shares during the period. Mesirow Institutional Investment Management Inc. owned 0.58% of Calix worth $13,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CALX. Smartleaf Asset Management LLC raised its position 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 worth $28,000 after purchasing an additional 640 shares during the last quarter. Pacer Advisors Inc. lifted its position in Calix by 29.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares during the period. Quantbot Technologies LP bought a new stake in Calix in the 4th quarter worth approximately $84,000. FMR LLC boosted its stake in shares of Calix by 49.0% in the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider's stock worth $93,000 after buying an additional 789 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Calix by 57.8% in the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock worth $97,000 after acquiring an additional 1,015 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CALX has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price target on shares of Calix in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday. Roth Capital set a $50.00 target price on Calix and gave the company a "buy" rating in a research note on Tuesday. UBS Group reissued a "buy" rating on shares of Calix in a report on Tuesday. Finally, Rosenblatt Securities raised 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.29.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total transaction 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 represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

Calix Stock Up 2.6 %

Shares of CALX traded up $1.01 during trading on Friday, reaching $40.06. 523,881 shares of the company traded hands, compared to its average volume of 677,793. The stock has a 50-day simple moving average of $34.97 and a 200-day simple moving average of $35.81. Calix, Inc. has a twelve month low of $27.20 and a twelve month high of $42.50. The stock has a market cap of $2.67 billion, a PE ratio of -88.96 and a beta of 1.75.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (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 posted $0.21 earnings per share. On average, equities research analysts predict that Calix, Inc. will post -0.43 EPS for the current year.

Calix announced that its board has authorized a stock buyback program on Monday, April 21st that permits the company to buyback $100.00 million in outstanding 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 usually an indication that the company's management believes its stock is undervalued.

About Calix

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.