Calix, Inc $CALX Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its position in shares of Calix, Inc (NYSE:CALX) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the communications equipment provider’s stock after acquiring an additional 1,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Calix were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CALX. Meeder Asset Management Inc. purchased a new position in Calix in the 1st quarter valued at $28,000. Signaturefd LLC raised its position in shares of Calix by 91.1% in 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 last quarter. Quarry LP raised its position in shares of Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 1,278 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Calix by 119.7% in the second quarter. GAMMA Investing LLC now owns 1,472 shares of the communications equipment provider’s stock valued at $78,000 after buying an additional 802 shares during the last quarter. Finally, Cooper Financial Group acquired a new position in shares of Calix during the 2nd quarter worth approximately $238,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the sale, the director directly owned 2,114,188 shares of the company’s stock, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of Calix 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 completion of the sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at $4,593,300. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock worth $2,545,000. 16.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CALX. Zacks Research downgraded Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Needham & Company LLC lifted their price target on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Roth Capital lifted their price target on Calix from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wolfe Research began coverage on shares of Calix in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Finally, Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Calix has an average rating of “Hold” and an average price target of $64.00.

Calix Price Performance

Shares of CALX stock opened at $60.29 on Friday. The firm has a market cap of $3.94 billion, a PE ratio of -150.71 and a beta of 1.32. The company has a 50-day moving average of $59.98 and a two-hundred day moving average of $50.76. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $64.30.

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

About Calix

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.