New Age Alpha Advisors LLC Takes Position in Calix, Inc. (NYSE:CALX)

New Age Alpha Advisors LLC acquired a new position in Calix, Inc. (NYSE:CALX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 85,502 shares of the communications equipment provider’s stock, valued at approximately $2,981,000. New Age Alpha Advisors LLC owned 0.13% of Calix at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in Calix during the third quarter valued at approximately $549,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Calix by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider’s stock valued at $23,318,000 after purchasing an additional 12,637 shares in the last quarter. FMR LLC increased its holdings in shares of Calix by 49.0% during the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock valued at $93,000 after purchasing an additional 789 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Calix by 14.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,204 shares of the communications equipment provider’s stock valued at $978,000 after purchasing an additional 3,190 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Calix by 29.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,024 shares of the communications equipment provider’s stock worth $428,000 after buying an additional 2,505 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.69% of the stock is owned by corporate insiders.

Calix Stock Down 2.3 %

Shares of NYSE CALX 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. The company’s 50-day simple moving average is $37.30 and its 200-day simple moving average is $36.29. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50.

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 the consensus estimate of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Equities research analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.