Northern Trust Corp Grows Holdings in Calix Inc (CALX)

Northern Trust Corp boosted its position in shares of Calix Inc (NYSE:CALX) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 516,664 shares of the communications equipment provider’s stock after purchasing an additional 29,884 shares during the period. Northern Trust Corp owned about 0.97% of Calix worth $4,030,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CALX. Global X Management Co LLC lifted its holdings in Calix by 18.9% in the second quarter. Global X Management Co LLC now owns 56,807 shares of the communications equipment provider’s stock valued at $443,000 after buying an additional 9,049 shares during the period. Millennium Management LLC raised its holdings in shares of Calix by 54.3% during the second quarter. Millennium Management LLC now owns 203,658 shares of the communications equipment provider’s stock valued at $1,589,000 after purchasing an additional 71,644 shares during the period. Voce Capital Management LLC raised its holdings in shares of Calix by 13.7% during the second quarter. Voce Capital Management LLC now owns 1,153,044 shares of the communications equipment provider’s stock valued at $8,994,000 after purchasing an additional 139,250 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Calix during the second quarter valued at about $156,000. Finally, MetLife Investment Advisors LLC raised its holdings in shares of Calix by 221.7% during the second quarter. MetLife Investment Advisors LLC now owns 21,486 shares of the communications equipment provider’s stock valued at $168,000 after purchasing an additional 14,808 shares during the period. Hedge funds and other institutional investors own 64.18% of the company’s stock.

Shares of NYSE CALX opened at $10.02 on Friday. Calix Inc has a 1-year low of $5.55 and a 1-year high of $10.75. The stock has a market cap of $532.36 million, a PE ratio of -6.42 and a beta of 0.78.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, November 5th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Calix had a negative net margin of 5.73% and a negative return on equity of 18.02%. The firm had revenue of $114.70 million for the quarter, compared to analyst estimates of $114.25 million. Sell-side analysts forecast that Calix Inc will post -0.2 EPS for the current fiscal year.

CALX has been the topic of several research reports. ValuEngine upgraded shares of Calix from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Jefferies Financial Group reiterated a “hold” rating and set a $6.50 price objective on shares of Calix in a report on Wednesday, August 8th. Finally, Cowen upgraded shares of Calix from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $7.67.

In other Calix news, CFO Cory Sindelar bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average cost of $10.50 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $420,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald J. Listwin bought 12,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $9.80 per share, with a total value of $122,500.00. The disclosure for this purchase can be found here. 18.28% of the stock is currently owned by corporate insiders.

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About Calix

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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