Calix, Inc $CALX Shares Sold by Northern Trust Corp

Northern Trust Corp cut its holdings in Calix, Inc (NYSE:CALX) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 618,793 shares of the communications equipment provider’s stock after selling 13,693 shares during the quarter. Northern Trust Corp owned approximately 0.95% of Calix worth $21,930,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Calix in the first quarter valued at approximately $28,000. Signaturefd LLC lifted its stake in shares of Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 480 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Calix during the fourth quarter valued at approximately $208,000. LVW Advisors LLC purchased a new position in shares of Calix during the first quarter valued at approximately $226,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Calix during the first quarter valued at approximately $261,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $1,385,000.00. Following the completion of the transaction, the director directly owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,000 shares of company stock worth $3,065,000. Insiders own 16.90% of the company’s stock.

Calix Stock Down 2.6%

NYSE:CALX opened at $59.50 on Monday. The company has a market cap of $3.89 billion, a P/E ratio of -148.75 and a beta of 1.35. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $61.27. The firm’s 50 day moving average is $54.95 and its two-hundred day moving average is $45.01.

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

Analyst Upgrades and Downgrades

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

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.