Fox Run Management L.L.C. Makes New $475,000 Investment in Calix, Inc. (NYSE:CALX)

Fox Run Management L.L.C. purchased a new stake in shares of Calix, Inc. (NYSE:CALX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,619 shares of the communications equipment provider’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Calix by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider’s stock valued at $47,885,000 after buying an additional 45,195 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Calix by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider’s stock valued at $51,661,000 after acquiring an additional 14,725 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Calix by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider’s stock valued at $22,639,000 after acquiring an additional 48,098 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in Calix by 5.2% in the third quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider’s stock worth $21,734,000 after purchasing an additional 27,900 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Calix by 34.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after purchasing an additional 105,969 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Shares of CALX stock opened at $36.81 on Wednesday. The stock has a market cap of $2.45 billion, a PE ratio of -81.80 and a beta of 1.78. The stock has a 50-day moving average of $37.43 and a 200-day moving average of $36.28. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction 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. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CALX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, January 30th. 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price 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.