Artisan Partners Limited Partnership Sells 29,456 Shares of Calix, Inc. (NYSE:CALX)

Artisan Partners Limited Partnership decreased its position in shares of Calix, Inc. (NYSE:CALX) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,110,105 shares of the communications equipment provider’s stock after selling 29,456 shares during the quarter. Artisan Partners Limited Partnership owned about 1.67% of Calix worth $38,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CALX. Vanguard Group Inc. boosted its stake in Calix by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider’s stock valued at $278,185,000 after purchasing an additional 412,982 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Calix by 2,741.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 266,197 shares of the communications equipment provider’s stock valued at $9,282,000 after buying an additional 256,829 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Calix by 200.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock valued at $13,364,000 after buying an additional 229,871 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Calix by 34.8% during the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after buying an additional 105,969 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Calix during the 3rd quarter valued at $3,513,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of CALX stock opened at $35.07 on Friday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -77.93 and a beta of 1.78. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $42.50. The firm’s 50-day simple moving average is $37.30 and its two-hundred day simple moving average is $36.28.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (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%. Analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CALX has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.