PDT Partners LLC Has $2 Million Stock Holdings in Calix, Inc. (NYSE:CALX)

PDT Partners LLC lessened its position in shares of Calix, Inc. (NYSE:CALX - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,354 shares of the communications equipment provider's stock after selling 14,400 shares during the period. PDT Partners LLC owned about 0.09% of Calix worth $2,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Calix by 367.8% during the fourth 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 position in shares of Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after buying an additional 358 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Calix during the fourth quarter worth about $84,000. KBC Group NV lifted its holdings in 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 last quarter. Finally, Summit Investment Advisors Inc. grew its holdings 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 valued at $217,000 after purchasing an additional 465 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Needham & Company LLC reissued a "buy" rating and set a $53.00 target price on shares of Calix in a research note on Tuesday, April 22nd. UBS Group reaffirmed a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Roth Capital set a $50.00 price objective on Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their target price on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.83.

Calix Stock Performance

Shares of NYSE:CALX traded down $0.04 during midday trading on Monday, hitting $41.97. The company's stock had a trading volume of 112,020 shares, compared to its average volume of 682,558. The stock's 50 day simple moving average is $35.18 and its 200 day simple moving average is $35.88. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -93.36 and a beta of 1.38. Calix, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $42.50.

Calix (NYSE:CALX - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $206.98 million. During the same quarter last year, the firm posted $0.21 EPS. As a group, analysts anticipate that Calix, Inc. will post -0.43 EPS for the current year.

Calix announced that its board has initiated a share repurchase plan 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 purchase up to 4.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction dated 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. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.90% of the stock is currently owned by insiders.

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.