Deutsche Bank AG Has $9.75 Million Stock Holdings in Calix, Inc (NYSE:CALX)

Deutsche Bank AG lessened its position in Calix, Inc (NYSE:CALX) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,095 shares of the communications equipment provider’s stock after selling 5,501 shares during the quarter. Deutsche Bank AG owned approximately 0.42% of Calix worth $9,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CALX. Vanguard Group Inc. increased its position in shares of Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after purchasing an additional 37,601 shares during the last quarter. Millennium Management LLC increased its position in shares of Calix by 77.8% during the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider’s stock worth $70,828,000 after purchasing an additional 889,102 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Calix by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider’s stock worth $63,897,000 after purchasing an additional 74,720 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Calix by 8.1% during the 1st quarter. Congress Asset Management Co. now owns 1,378,497 shares of the communications equipment provider’s stock worth $48,854,000 after purchasing an additional 103,175 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Calix by 105.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider’s stock worth $24,713,000 after purchasing an additional 364,209 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CALX shares. JPMorgan Chase & Co. boosted their price target on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Roth Capital set a $50.00 target price on Calix and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. UBS Group reissued a “buy” rating on shares of Calix in a report on Tuesday, April 22nd. Finally, Wolfe Research began coverage on Calix in a report on Monday, July 7th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the sale, the director directly owned 2,114,188 shares in the company, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the sale, the chief financial officer owned 76,285 shares of the company’s stock, valued at $4,271,960. This trade represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $2,465,000 over the last 90 days. 16.90% of the stock is currently owned by corporate insiders.

Calix Trading Up 0.2%

CALX stock opened at $56.88 on Friday. The firm has a market capitalization of $3.71 billion, a PE ratio of -142.20 and a beta of 1.27. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $59.30. The business’s 50 day simple moving average is $52.77 and its 200 day simple moving average is $43.72.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.41. The business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Calix announced that its board has initiated a stock buyback plan on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Calix Profile

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.