Retirement Systems of Alabama boosted its position in Calix, Inc. (NYSE:CALX – Get Rating) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,040 shares of the communications equipment provider’s stock after purchasing an additional 732 shares during the quarter. Retirement Systems of Alabama owned about 0.11% of Calix worth $5,135,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Calix by 1.6% in the 3rd quarter. BlackRock Inc. now owns 7,585,133 shares of the communications equipment provider’s stock valued at $463,756,000 after acquiring an additional 118,530 shares during the last quarter. Vanguard Group Inc. raised its holdings in Calix by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,769,235 shares of the communications equipment provider’s stock valued at $352,731,000 after acquiring an additional 373,464 shares during the last quarter. State Street Corp increased its stake in shares of Calix by 3.5% during the 3rd quarter. State Street Corp now owns 1,801,280 shares of the communications equipment provider’s stock valued at $110,130,000 after acquiring an additional 61,237 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Calix by 5.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,715,391 shares of the communications equipment provider’s stock valued at $104,879,000 after acquiring an additional 90,042 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Calix by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,123 shares of the communications equipment provider’s stock valued at $73,422,000 after acquiring an additional 12,667 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Calix in a research note on Thursday, March 16th. They set a “hold” rating for the company. TheStreet downgraded Calix from a “b-” rating to a “c+” rating in a report on Monday, January 30th. Loop Capital upped their price objective on Calix from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Needham & Company LLC restated a “buy” rating and set a $88.00 price objective on shares of Calix in a report on Thursday, April 20th. Finally, Roth Mkm dropped their target price on shares of Calix from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, April 21st. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.00.
Calix Stock Down 1.9 %
Insider Transactions at Calix
In other Calix news, insider John Matthew Collins sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $54.48, for a total transaction of $272,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.69% of the company’s stock.
About Calix
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.
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