Calix Inc (NYSE:CALX) shares reached a new 52-week high during trading on Friday . The stock traded as high as $12.83 and last traded at $12.79, with a volume of 12810 shares. The stock had previously closed at $12.33.
CALX has been the subject of several analyst reports. Jefferies Financial Group increased their target price on Calix from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Calix from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, May 1st. Finally, ValuEngine cut shares of Calix from a “buy” rating to a “hold” rating in a report on Friday, May 1st.
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 1.21. The stock’s fifty day moving average price is $9.58 and its two-hundred day moving average price is $8.53.
In related news, Director Donald J. Listwin acquired 30,000 shares of Calix stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $12.11 per share, with a total value of $363,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J Daniel Plants sold 800,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $9.29, for a total transaction of $7,432,000.00. The disclosure for this sale can be found here. Corporate insiders own 17.54% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can grew its holdings in shares of Calix by 46.0% during the 4th quarter. Bank of Montreal Can now owns 5,984 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 1,885 shares during the period. SkyOak Wealt LLC bought a new stake in shares of Calix during the fourth quarter valued at approximately $80,000. Citigroup Inc. grew its stake in Calix by 59.5% in the fourth quarter. Citigroup Inc. now owns 11,725 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 4,373 shares during the period. Victory Capital Management Inc. raised its holdings in Calix by 66.5% in the fourth quarter. Victory Capital Management Inc. now owns 12,536 shares of the communications equipment provider’s stock worth $100,000 after purchasing an additional 5,008 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Calix by 56.4% during the first quarter. BNP Paribas Arbitrage SA now owns 14,372 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 5,182 shares during the period. Institutional investors and hedge funds own 67.17% of the company’s stock.
About Calix (NYSE:CALX)
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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