Calix, Inc. (NYSE:CALX) Director Carl Russo Sells 25,000 Shares

Calix, Inc. (NYSE:CALX) Director Carl Russo sold 25,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Calix Stock Down 0.4 %

Calix stock opened at $36.97 on Friday. 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 $2.45 billion, a price-to-earnings ratio of -82.15 and a beta of 1.70. The stock has a 50-day moving average price of $38.06 and a 200 day moving average price of $36.65.

Calix (NYSE:CALX) last posted 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%. Research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Calix

Several institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 640 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Calix in the 3rd quarter valued at about $34,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Calix in the 3rd quarter valued at about $39,000. Avior Wealth Management LLC boosted its position in shares of Calix by 998.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,078 shares during the period. Finally, Pacer Advisors Inc. boosted its position 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 purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CALX shares. JPMorgan Chase & Co. increased their price target on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.17.

About Calix

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.