Swiss National Bank Sells 800 Shares of Calix, Inc $CALX

Swiss National Bank trimmed its holdings in shares of Calix, Inc (NYSE:CALX) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,700 shares of the communications equipment provider’s stock after selling 800 shares during the quarter. Swiss National Bank owned 0.18% of Calix worth $4,100,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CALX. Millennium Management LLC increased its stake in Calix by 77.8% during the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider’s stock worth $70,828,000 after purchasing an additional 889,102 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Calix by 711.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 436,036 shares of the communications equipment provider’s stock worth $15,205,000 after purchasing an additional 382,301 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Calix by 105.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider’s stock worth $24,713,000 after purchasing an additional 364,209 shares in the last quarter. New York State Common Retirement Fund increased its stake in Calix by 332.9% during the 1st quarter. New York State Common Retirement Fund now owns 286,719 shares of the communications equipment provider’s stock worth $10,161,000 after purchasing an additional 220,491 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Calix during the 4th quarter worth approximately $7,607,000. 98.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief financial officer owned 76,285 shares of the company’s stock, valued at $4,271,960. This trade represents a 11.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the sale, the director directly owned 2,114,188 shares of the company’s stock, valued at $117,126,015.20. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $2,465,000 in the last ninety days. Insiders own 16.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CALX has been the subject of a number of research reports. Wolfe Research started coverage on Calix in a research note on Monday, July 7th. They set a “peer perform” rating for the company. Wall Street Zen raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Rosenblatt Securities raised their price target on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC raised their price target on shares of Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Calix Trading Up 0.3%

NYSE CALX opened at $56.5740 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of -141.43 and a beta of 1.27. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $59.30. The stock has a 50 day moving average of $53.30 and a 200-day moving average of $44.09.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41. The company had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, sell-side analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Calix Profile

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