Tudor Investment Corp ET AL Raises Position in Calix, Inc. (NYSE:CALX)

Tudor Investment Corp ET AL increased its stake in shares of Calix, Inc. (NYSE:CALX - Free Report) by 257.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 0.23% of Calix worth $5,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after buying an additional 640 shares in the last quarter. Pacer Advisors Inc. increased its position 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 purchasing an additional 358 shares in the last quarter. Quantbot Technologies LP acquired a new position in Calix in the 4th quarter valued at $84,000. KBC Group NV raised its stake in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in Calix by 8.1% in the 4th 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 in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CALX. Roth Capital set a $50.00 target price on shares of Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. UBS Group reiterated a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Rosenblatt Securities lifted their price objective on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two investment 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $47.83.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $39.59, for a total value of $989,750.00. Following the sale, the director now owns 2,139,188 shares in the company, valued at approximately $84,690,452.92. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.90% of the company's stock.

Calix Stock Up 1.7 %

NYSE:CALX traded up $0.70 on Friday, reaching $42.01. The company's stock had a trading volume of 808,821 shares, compared to its average volume of 684,800. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -93.35 and a beta of 1.75. Calix, Inc. has a 12-month low of $28.61 and a 12-month high of $42.50. The stock has a 50 day moving average price of $35.18 and a 200 day moving average price of $35.91.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. During the same period in the previous year, the firm earned $0.21 EPS. Equities research analysts expect that Calix, Inc. will post -0.43 EPS for the current fiscal year.

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

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.