PDT Partners LLC Sells 14,400 Shares of Calix, Inc. (NYSE:CALX)

PDT Partners LLC lowered its holdings in shares of Calix, Inc. (NYSE:CALX) by 20.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,354 shares of the communications equipment provider’s stock after selling 14,400 shares during the period. PDT Partners LLC’s holdings in Calix were worth $2,000,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CALX. Smartleaf Asset Management LLC grew its position in Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 640 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Calix during the 4th quarter valued at $84,000. KBC Group NV grew its position in Calix by 57.8% during the 4th 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. increased 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 worth $217,000 after purchasing an additional 465 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now directly owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.90% of the company’s stock.

Analysts Set New Price Targets

CALX has been the topic of a number of recent research reports. Rosenblatt Securities lifted their price target on Calix from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Calix from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. UBS Group reissued a “buy” rating on shares of Calix in a report on Tuesday, April 22nd. Roth Capital set a $50.00 price target on shares of Calix and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $53.00 price objective on shares of Calix in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Calix Stock Up 1.6 %

CALX stock opened at $40.69 on Wednesday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -90.42 and a beta of 1.75. The company’s fifty day simple moving average is $34.99 and its 200 day simple moving average is $35.86. Calix, Inc. has a 12-month low of $27.60 and a 12-month high of $42.50.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $206.98 million. During the same period last year, the company posted $0.21 EPS. Research analysts expect that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix announced that its Board of Directors has approved a stock buyback plan on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.