New Age Alpha Advisors LLC Makes New $2.98 Million Investment in Calix, Inc. (NYSE:CALX)

New Age Alpha Advisors LLC purchased a new stake in Calix, Inc. (NYSE:CALX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 85,502 shares of the communications equipment provider’s stock, valued at approximately $2,981,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Calix in the fourth quarter worth approximately $11,518,000. JPMorgan Chase & Co. grew its holdings in shares of Calix by 93.0% during the 4th quarter. JPMorgan Chase & Co. now owns 246,199 shares of the communications equipment provider’s stock worth $8,585,000 after purchasing an additional 118,629 shares during the period. WINTON GROUP Ltd increased its position in shares of Calix by 30.7% during the 4th quarter. WINTON GROUP Ltd now owns 35,569 shares of the communications equipment provider’s stock worth $1,240,000 after purchasing an additional 8,348 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Calix in the 4th quarter valued at about $783,000. Finally, Vanguard Group Inc. lifted its position in Calix by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider’s stock valued at $278,185,000 after buying an additional 412,982 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $45.00 and gave the company 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 company’s stock. According to data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average price target of $43.17.

Calix Stock Down 2.3 %

Calix stock opened at $35.07 on Friday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50. The firm has a market cap of $2.34 billion, a PE ratio of -77.93 and a beta of 1.78. The company’s 50 day moving average is $37.30 and its two-hundred day moving average is $36.29.

Calix (NYSE:CALX) last released 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 net margin of 3.58% and a negative return on equity of 3.43%. On average, equities research analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 16.69% of the company’s stock.

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.