EntryPoint Capital LLC Acquires Shares of 22,464 Calix, Inc. (NYSE:CALX)

EntryPoint Capital LLC bought a new position in shares of Calix, Inc. (NYSE:CALX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,464 shares of the communications equipment provider’s stock, valued at approximately $783,000. Calix comprises approximately 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other large investors have also recently made changes to their positions in CALX. Pacer Advisors Inc. grew its position in shares of Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 358 shares in the last quarter. Atria Investments Inc increased its position in Calix by 7.1% during the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider’s stock valued at $248,000 after purchasing an additional 469 shares during the period. National Bank of Canada FI raised its holdings in shares of Calix by 0.4% in the 3rd quarter. National Bank of Canada FI now owns 142,187 shares of the communications equipment provider’s stock valued at $5,515,000 after purchasing an additional 520 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 640 shares during the period. Finally, FMR LLC boosted its stake in shares of Calix by 49.0% during the third 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. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Calix stock opened at $37.23 on Tuesday. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50. The stock has a market cap of $2.48 billion, a PE ratio of -82.73 and a beta of 1.78. The stock has a 50-day moving average of $37.43 and a two-hundred day moving average of $36.26.

Calix (NYSE:CALX) last announced its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the sale, the director now owns 2,164,188 shares in the company, 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 SEC, which is accessible through this link. 16.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three 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.com, the stock has an average rating of “Moderate Buy” and an average target price 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.