Calix Inc (NYSE:CALX) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 444 call options on the company. This is an increase of 771% compared to the typical volume of 51 call options.

A number of equities analysts recently weighed in on CALX shares. Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. ValuEngine upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub upgraded shares of Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Shares of Calix (NYSE CALX) traded down $0.30 during trading hours on Wednesday, hitting $6.30. 877,638 shares of the company were exchanged, compared to its average volume of 282,446. Calix has a 12-month low of $4.65 and a 12-month high of $7.40. The company has a market capitalization of $312.45, a price-to-earnings ratio of -3.87 and a beta of 0.72.

In other news, CFO Cory Sindelar acquired 5,000 shares of Calix stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $6.70 per share, with a total value of $33,500.00. Following the completion of the purchase, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $100,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 16.50% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Calix by 3.5% during the second quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock worth $23,694,000 after acquiring an additional 115,818 shares during the last quarter. Lapides Asset Management LLC lifted its position in Calix by 11.0% during the third quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock valued at $16,402,000 after purchasing an additional 321,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Calix by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock valued at $21,595,000 after purchasing an additional 25,713 shares during the last quarter. Divisar Capital Management LLC lifted its position in Calix by 29.1% during the fourth quarter. Divisar Capital Management LLC now owns 2,888,305 shares of the communications equipment provider’s stock valued at $17,185,000 after purchasing an additional 650,947 shares during the last quarter. Finally, State Street Corp lifted its position in Calix by 7.9% during the second quarter. State Street Corp now owns 791,110 shares of the communications equipment provider’s stock valued at $5,421,000 after purchasing an additional 57,658 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

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About Calix

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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