TIAA CREF Investment Management LLC increased its stake in shares of Calix Inc (NYSE:CALX) by 44.9% in the third quarter, HoldingsChannel.com reports. The firm owned 139,558 shares of the communications equipment provider’s stock after buying an additional 43,277 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Calix were worth $1,130,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Calix by 14.5% in the third quarter. BlackRock Inc. now owns 3,344,739 shares of the communications equipment provider’s stock valued at $27,094,000 after acquiring an additional 423,803 shares during the period. EAM Global Investors LLC acquired a new position in Calix in the third quarter valued at about $1,320,000. EAM Investors LLC acquired a new position in Calix in the third quarter valued at about $1,047,000. Northpointe Capital LLC grew its stake in Calix by 29.7% in the third quarter. Northpointe Capital LLC now owns 373,720 shares of the communications equipment provider’s stock valued at $3,027,000 after acquiring an additional 85,671 shares during the period. Finally, Millennium Management LLC grew its stake in Calix by 54.3% in the second quarter. Millennium Management LLC now owns 203,658 shares of the communications equipment provider’s stock valued at $1,589,000 after acquiring an additional 71,644 shares during the period. 62.31% of the stock is owned by institutional investors and hedge funds.

NYSE:CALX traded up $0.05 on Monday, reaching $7.45. The company’s stock had a trading volume of 200 shares, compared to its average volume of 554,231. The stock has a market cap of $393.16 million, a price-to-earnings ratio of -22.48, a PEG ratio of 11.75 and a beta of 0.68. Calix Inc has a 1-year low of $6.00 and a 1-year high of $11.30.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $115.52 million during the quarter, compared to analysts’ expectations of $124.95 million. Calix had a negative return on equity of 12.31% and a negative net margin of 4.37%. As a group, equities analysts expect that Calix Inc will post 0.11 earnings per share for the current year.

A number of research analysts have issued reports on the company. ValuEngine cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, February 5th. Finally, TheStreet raised Calix from a “d” rating to a “c” rating in a research note on Friday, November 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $9.17.

In other news, Director Michael Matthews sold 7,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $9.76, for a total transaction of $68,320.00. Following the completion of the transaction, the director now directly owns 99,260 shares of the company’s stock, valued at $968,777.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cory Sindelar acquired 5,000 shares of Calix stock in a transaction dated Wednesday, November 14th. The shares were purchased 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 of the company’s stock, valued at $420,000. The disclosure for this purchase can be found here. 18.28% of the stock is 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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