Calix, Inc. (NYSE:CALX) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 632,486 shares of the communications equipment provider's stock after purchasing an additional 54,136 shares during the quarter. Northern Trust Corp owned about 0.95% of Calix worth $22,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Calix in the fourth quarter worth about $512,000. HighTower Advisors LLC raised its stake in shares of Calix by 30.5% during the 4th quarter. HighTower Advisors LLC now owns 118,245 shares of the communications equipment provider's stock worth $4,123,000 after acquiring an additional 27,622 shares in the last quarter. Amundi bought a new position in shares of Calix during the 4th quarter worth approximately $330,000. Principal Financial Group Inc. lifted its position in Calix by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 287,509 shares of the communications equipment provider's stock valued at $10,025,000 after acquiring an additional 10,393 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new stake in Calix in the fourth quarter valued at approximately $299,000. 98.14% of the stock is owned by institutional investors.

Calix Trading Up 0.4%

CALX stock traded up $0.18 during mid-day trading on Friday, reaching $45.43. The company's stock had a trading volume of 732,373 shares, compared to its average volume of 690,682. The stock has a market cap of $2.94 billion, a PE ratio of -100.95 and a beta of 1.38. The company's 50 day moving average is $36.75 and its two-hundred day moving average is $36.23. Calix, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $45.57.

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, beating 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 analysts' expectations of $206.98 million. During the same period in the prior year, the business earned $0.21 EPS. On average, analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Calix announced that its board has initiated a share repurchase plan on Monday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities upped their price target on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Roth Capital set a $50.00 price target on Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $53.00 price objective on shares of Calix in a report on Tuesday, April 22nd. Finally, UBS Group reiterated 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.83.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.90% of the company's stock.

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.