Calix, Inc. (NYSE:CALX) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in Calix, Inc. (NYSE:CALX) by 57.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 644,984 shares of the communications equipment provider’s stock after acquiring an additional 234,521 shares during the quarter. Rockefeller Capital Management L.P. owned 0.97% of Calix worth $22,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings 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 valued at $54,000 after purchasing an additional 358 shares during the period. Atria Investments Inc grew its position in Calix by 7.1% in the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 469 shares in the last quarter. 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 valued at $28,000 after buying an additional 640 shares during the period. FMR LLC raised its position in shares of Calix by 49.0% during 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 in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Calix by 9.2% in the 4th quarter. Inspire Investing LLC now owns 11,613 shares of the communications equipment provider’s stock worth $405,000 after acquiring an additional 978 shares during the period. Institutional investors own 98.14% of the company’s stock.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total transaction of $953,750.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.04% of the stock is currently owned by company insiders.

Calix Price Performance

CALX stock opened at $33.60 on Monday. The firm has a market cap of $2.24 billion, a PE ratio of -74.65 and a beta of 1.75. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $42.50. The firm has a 50 day simple moving average of $36.02 and a 200 day simple moving average of $35.95.

Calix (NYSE:CALX) last announced its quarterly earnings data 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 net margin of 3.58% and a negative return on equity of 3.43%. As a group, sell-side analysts expect that Calix, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.17.

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.