Calix, Inc. (NYSE:CALX) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its position in Calix, Inc. (NYSE:CALX) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,780 shares of the communications equipment provider’s stock after acquiring an additional 2,437 shares during the quarter. Franklin Resources Inc.’s holdings in Calix were worth $550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CALX. Smartleaf Asset Management LLC increased 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 valued at $28,000 after acquiring an additional 640 shares during the period. Pacer Advisors Inc. raised its stake in shares of Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after buying an additional 358 shares during the last quarter. FMR LLC raised its position in shares of Calix by 49.0% during the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock worth $93,000 after purchasing an additional 789 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Calix during the 4th quarter worth about $84,000. Finally, KBC Group NV increased its stake in Calix by 57.8% in the fourth quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider’s stock valued at $97,000 after purchasing an additional 1,015 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on 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 reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Price Performance

CALX opened at $33.90 on Thursday. The business has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $35.89. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -75.33 and a beta of 1.75. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Equities analysts expect that Calix, Inc. will post -0.43 EPS for the current fiscal year.

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.