Mirae Asset Global Investments Co. Ltd. Buys 30,037 Shares of Calix, Inc. (NYSE:CALX)

Posted by Defense World Staff on Aug 5th, 2023

Mirae Asset Global Investments Co. Ltd. lifted its stake in Calix, Inc. (NYSE:CALX – Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,600 shares of the communications equipment provider’s stock after acquiring an additional 30,037 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.47% of Calix worth $16,806,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in Calix by 1.2% during the 4th quarter. Russell Investments Group Ltd. now owns 245,886 shares of the communications equipment provider’s stock worth $16,826,000 after buying an additional 2,823 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in Calix during the 4th quarter worth $558,000. Gladstone Institutional Advisory LLC purchased a new position in Calix during the 4th quarter worth $201,000. State of Michigan Retirement System grew its stake in Calix by 1.4% during the 4th quarter. State of Michigan Retirement System now owns 14,518 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 200 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in Calix by 27.0% during the 4th quarter. GSA Capital Partners LLP now owns 8,794 shares of the communications equipment provider’s stock worth $602,000 after buying an additional 1,870 shares during the last quarter. 80.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Donald J. Listwin sold 100,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.15, for a total value of $4,315,000.00. Following the completion of the transaction, the director now owns 497,533 shares of the company’s stock, valued at approximately $21,468,548.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Donald J. Listwin sold 100,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.15, for a total value of $4,315,000.00. Following the completion of the transaction, the director now owns 497,533 shares of the company’s stock, valued at approximately $21,468,548.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Matthew Collins sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $47.12, for a total value of $471,200.00. The disclosure for this sale can be found here. 16.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $88.00 target price on shares of Calix in a research note on Friday, July 21st. JPMorgan Chase & Co. began coverage on Calix in a research note on Friday, May 19th. They set a “neutral” rating and a $49.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a research note on Tuesday, July 18th. Roth Mkm reiterated a “buy” rating and set a $73.00 price target on shares of Calix in a research note on Tuesday, July 18th. Finally, TD Cowen boosted their price target on Calix from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.

Calix Stock Up 1.6 %

Shares of CALX opened at $43.29 on Friday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 68.72 and a beta of 1.54. Calix, Inc. has a 52 week low of $41.74 and a 52 week high of $77.44. The stock’s 50-day moving average price is $48.58 and its 200-day moving average price is $49.74.

Calix Profile

(Free Report)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.