Calix, Inc. (NYSE:CALX) Stake Raised by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in shares of Calix, Inc. (NYSE:CALX) by 57.1% during the 4th quarter, HoldingsChannel reports. The fund owned 644,984 shares of the communications equipment provider’s stock after purchasing an additional 234,521 shares during the period. Rockefeller Capital Management L.P.’s holdings in Calix were worth $22,490,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CALX. Bank of Montreal Can grew its position in Calix by 27.1% during the fourth quarter. Bank of Montreal Can now owns 11,057 shares of the communications equipment provider’s stock valued at $386,000 after purchasing an additional 2,358 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Calix during the 4th quarter valued at $512,000. ExodusPoint Capital Management LP grew its holdings in shares of Calix by 91.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 42,012 shares of the communications equipment provider’s stock valued at $1,465,000 after acquiring an additional 20,121 shares in the last quarter. OV Management LLC raised its holdings in shares of Calix by 0.8% during the fourth quarter. OV Management LLC now owns 139,603 shares of the communications equipment provider’s stock worth $4,868,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Calix during the fourth quarter valued at $1,793,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.04% of the stock is owned by insiders.

Calix Stock Performance

CALX opened at $33.60 on Monday. The company has a market cap of $2.24 billion, a PE ratio of -74.65 and a beta of 1.75. The stock has a 50-day moving average of $36.02 and a 200-day moving average of $35.95. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. On average, research analysts predict that Calix, Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.