Dimensional Fund Advisors LP Purchases 4,994 Shares of Calix, Inc. (NYSE:CALX)

Dimensional Fund Advisors LP boosted its position in shares of Calix, Inc. (NYSE:CALX – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,684,821 shares of the communications equipment provider’s stock after buying an additional 4,994 shares during the period. Dimensional Fund Advisors LP owned approximately 2.57% of Calix worth $115,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Calix by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 245,886 shares of the communications equipment provider’s stock valued at $16,826,000 after buying an additional 2,823 shares during the last quarter. New York State Common Retirement Fund raised its position in Calix by 132.8% during the third quarter. New York State Common Retirement Fund now owns 137,371 shares of the communications equipment provider’s stock valued at $8,399,000 after purchasing an additional 78,353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Calix by 19.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,178 shares of the communications equipment provider’s stock valued at $500,000 after purchasing an additional 1,308 shares during the period. Mach 1 Financial Group LLC purchased a new stake in Calix during the fourth quarter valued at approximately $558,000. Finally, Creative Planning purchased a new stake in Calix during the third quarter valued at approximately $240,000. 81.90% of the stock is owned by institutional investors.

Calix Stock Down 2.1 %

CALX opened at $45.96 on Friday. The stock’s fifty day moving average is $48.86 and its two-hundred day moving average is $57.35. The company has a market capitalization of $3.04 billion, a P/E ratio of 75.34 and a beta of 1.55. Calix, Inc. has a 52 week low of $31.59 and a 52 week high of $77.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cowen decreased their price objective on Calix from $90.00 to $78.00 in a research report on Friday, January 27th. TD Cowen upped their price objective on Calix from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, April 21st. Rosenblatt Securities decreased their price objective on Calix from $75.00 to $70.00 in a research report on Friday, April 21st. Roth Mkm reduced their price target on Calix from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Finally, JPMorgan Chase & Co. started coverage on Calix in a report on Friday. They issued a “neutral” rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.50.

Insiders Place Their Bets

In other Calix news, insider John Matthew Collins sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $44.10, for a total transaction of $220,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.69% of the stock is currently owned by company insiders.

About Calix

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Calix, Inc provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers.