WINTON GROUP Ltd Acquires 8,348 Shares of Calix, Inc. (NYSE:CALX)

WINTON GROUP Ltd grew its holdings in shares of Calix, Inc. (NYSE:CALX) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,569 shares of the communications equipment provider’s stock after acquiring an additional 8,348 shares during the period. WINTON GROUP Ltd owned about 0.05% of Calix worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Calix by 5.5% during 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 purchasing an additional 412,982 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Calix by 2,741.6% during the 4th 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 acquiring an additional 256,829 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Calix by 200.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock worth $13,364,000 after acquiring an additional 229,871 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Calix by 34.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider’s stock worth $15,921,000 after acquiring an additional 105,969 shares during the period. Finally, HighTower Advisors LLC purchased a new position in Calix during the third quarter valued at approximately $3,513,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of NYSE CALX opened at $35.87 on Friday. The company has a market cap of $2.39 billion, a P/E ratio of -79.71 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 fifty day moving average is $37.36 and its two-hundred day 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 return on equity of 3.43% and a negative net margin of 3.58%. As a group, analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Insider Activity

In other 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 sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.69% of the company’s stock.

Analyst Upgrades and Downgrades

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