Macquarie Group Ltd. Takes $75,000 Position in Calix Inc (CALX)
Macquarie Group Ltd. bought a new position in shares of Calix Inc (NYSE:CALX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,700 shares of the communications equipment provider’s stock, valued at approximately $75,000.
A number of other large investors also recently made changes to their positions in the stock. Semmax Financial Advisors Inc. bought a new position in shares of Calix in the 4th quarter worth about $38,000. Metropolitan Life Insurance Co. NY raised its position in shares of Calix by 401.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,636 shares of the communications equipment provider’s stock worth $143,000 after acquiring an additional 11,718 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Calix in the 4th quarter worth about $156,000. Mackay Shields LLC bought a new position in shares of Calix in the 4th quarter worth about $175,000. Finally, Ibex Investors LLC bought a new position in shares of Calix in the 4th quarter worth about $238,000. 63.28% of the stock is owned by institutional investors and hedge funds.
Shares of CALX opened at $6.84 on Friday. The stock has a market capitalization of $365.58 million, a PE ratio of -20.73, a PEG ratio of 10.60 and a beta of 0.59. Calix Inc has a one year low of $6.00 and a one year high of $11.30.
CALX has been the subject of several research analyst reports. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, January 16th. ValuEngine lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.92.
In other news, Director J Daniel Plants bought 100,000 shares of Calix stock in a transaction dated Friday, February 8th. The stock was bought at an average cost of $7.49 per share, for a total transaction of $749,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Cory Sindelar bought 10,000 shares of Calix stock in a transaction dated Friday, February 8th. The stock was purchased at an average price of $7.53 per share, with a total value of $75,300.00. Following the completion of the purchase, the chief financial officer now owns 44,000 shares in the company, valued at $331,320. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 122,500 shares of company stock valued at $924,800. 18.57% of the stock is currently owned by company insiders.
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Calix Company Profile
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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