Tudor Investment Corp ET AL Buys 108,901 Shares of Calix, Inc. (NYSE:CALX)

Tudor Investment Corp ET AL increased its position in Calix, Inc. (NYSE:CALX - Free Report) by 257.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,281 shares of the communications equipment provider's stock after purchasing an additional 108,901 shares during the period. Tudor Investment Corp ET AL owned approximately 0.23% of Calix worth $5,275,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in Calix by 184.0% in the 3rd quarter. Barclays PLC now owns 113,579 shares of the communications equipment provider's stock valued at $4,404,000 after acquiring an additional 73,588 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Calix by 46.2% in the third quarter. JPMorgan Chase & Co. now owns 127,570 shares of the communications equipment provider's stock valued at $4,948,000 after purchasing an additional 40,306 shares in the last quarter. Diversified Trust Co boosted its position in shares of Calix by 18.1% during the fourth quarter. Diversified Trust Co now owns 12,030 shares of the communications equipment provider's stock valued at $419,000 after buying an additional 1,845 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Calix by 25.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 14,301 shares of the communications equipment provider's stock worth $499,000 after buying an additional 2,911 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Calix in the 4th quarter valued at $391,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $39.59, for a total value of $989,750.00. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Calix Stock Down 0.9 %

Calix stock traded down $0.39 during midday trading on Tuesday, reaching $41.61. The stock had a trading volume of 115,112 shares, compared to its average volume of 682,634. The firm has a market capitalization of $2.70 billion, a PE ratio of -92.44 and a beta of 1.38. Calix, Inc. has a 12 month low of $28.61 and a 12 month high of $42.50. The firm's 50-day moving average price is $35.26 and its 200 day moving average price is $35.90.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $220.20 million for the quarter, compared to analysts' expectations of $206.98 million. During the same period in the prior year, the company posted $0.21 EPS. Equities research analysts expect that Calix, Inc. will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has authorized a share repurchase program on Monday, April 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.