Trigran Investments Inc. Has $25.16 Million Stake in Calix, Inc. (NYSE:CALX)

Trigran Investments Inc. lessened its position in Calix, Inc. (NYSE:CALX) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 721,648 shares of the communications equipment provider’s stock after selling 20,665 shares during the quarter. Calix comprises 2.9% of Trigran Investments Inc.’s portfolio, making the stock its 15th biggest holding. Trigran Investments Inc.’s holdings in Calix were worth $25,164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Calix by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider’s stock worth $278,185,000 after acquiring an additional 412,982 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Calix by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider’s stock worth $63,897,000 after buying an additional 74,720 shares during the period. Bank of New York Mellon Corp raised its stake in Calix by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,373,246 shares of the communications equipment provider’s stock worth $47,885,000 after buying an additional 45,195 shares during the last quarter. Geode Capital Management LLC lifted its stake in Calix by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,337,709 shares of the communications equipment provider’s stock valued at $46,657,000 after buying an additional 6,144 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 48,098 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CALX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.33.

Calix Price Performance

NYSE:CALX opened at $33.80 on Friday. The firm has a market capitalization of $2.25 billion, a P/E ratio of -75.12 and a beta of 1.75. Calix, Inc. has a one year low of $26.76 and a one year high of $42.50. The company’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $35.81.

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 analysts’ consensus estimates 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, equities research analysts expect that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.90% 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.