Atria Investments Inc Buys 469 Shares of Calix, Inc. (NYSE:CALX)

Atria Investments Inc grew its stake in shares of Calix, Inc. (NYSE:CALX) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,120 shares of the communications equipment provider’s stock after buying an additional 469 shares during the quarter. Atria Investments Inc’s holdings in Calix were worth $248,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CALX. Victory Capital Management Inc. raised its stake in Calix by 14.1% during the 4th quarter. Victory Capital Management Inc. now owns 23,324 shares of the communications equipment provider’s stock worth $813,000 after buying an additional 2,888 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of Calix during the fourth quarter valued at approximately $218,000. Charles Schwab Investment Management Inc. raised its position in shares of Calix by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,244 shares of the communications equipment provider’s stock worth $22,639,000 after purchasing an additional 48,098 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Calix by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider’s stock valued at $47,885,000 after purchasing an additional 45,195 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Trading Up 2.9 %

Shares of NYSE:CALX opened at $34.37 on Wednesday. The stock has a market cap of $2.29 billion, a PE ratio of -76.38 and a beta of 1.78. The stock’s fifty day simple moving average is $37.54 and its two-hundred day simple moving average is $36.29. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share 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%. On average, sell-side analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CALX. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was 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 directly owns 2,164,188 shares of the company’s stock, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.69% of the company’s stock.

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.