Norges Bank Invests $11.52 Million in Calix, Inc. (NYSE:CALX)

Norges Bank acquired a new stake in Calix, Inc. (NYSE:CALX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 330,300 shares of the communications equipment provider’s stock, valued at approximately $11,518,000.

A number of other large investors also recently bought and sold shares of CALX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Calix by 5.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider’s stock valued at $5,027,000 after acquiring an additional 6,984 shares during the period. HighTower Advisors LLC boosted its position in shares of Calix by 30.5% during the fourth quarter. HighTower Advisors LLC now owns 118,245 shares of the communications equipment provider’s stock worth $4,123,000 after buying an additional 27,622 shares during the period. Amundi purchased a new position in shares of Calix during the fourth quarter worth $330,000. Principal Financial Group Inc. grew its stake in shares of Calix by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 287,509 shares of the communications equipment provider’s stock valued at $10,025,000 after buying an additional 10,393 shares in the last quarter. Finally, TradeLink Capital LLC purchased a new stake in shares of Calix in the 4th quarter valued at $299,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus 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 that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.69% of the company’s stock.

Calix Trading Up 0.4 %

Shares of CALX opened at $31.61 on Tuesday. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $42.50. The firm’s fifty day simple moving average is $36.72 and its 200-day simple moving average is $36.17. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -70.24 and a beta of 1.75.

Calix (NYSE:CALX) last released its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, analysts predict that Calix, Inc. will post -0.43 earnings per share 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.