Calix, Inc. (NYSE:CALX) Holdings Increased by OV Management LLC

OV Management LLC grew its holdings in Calix, Inc. (NYSE:CALX) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,603 shares of the communications equipment provider’s stock after purchasing an additional 1,094 shares during the period. Calix comprises about 2.3% of OV Management LLC’s investment portfolio, making the stock its 10th biggest holding. OV Management LLC owned 0.21% of Calix worth $4,868,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CALX. Smartleaf Asset Management LLC lifted its position 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 period. Pacer Advisors Inc. lifted its holdings 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 period. Quantbot Technologies LP bought a new position in shares of Calix during the 4th quarter valued at $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. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CALX shares. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.69% of the stock is currently owned by insiders.

Calix Stock Up 1.3 %

NYSE CALX opened at $35.50 on Tuesday. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $42.50. The company has a market capitalization of $2.37 billion, a P/E ratio of -78.88 and a beta of 1.78. The stock’s 50-day moving average price is $37.26 and its 200-day moving average price is $36.30.

Calix (NYSE:CALX) last released its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current year.

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.