7,444 Shares in Calix, Inc $CALX Purchased by Boston Partners

Boston Partners purchased a new stake in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,444 shares of the communications equipment provider’s stock, valued at approximately $396,000.

Several other hedge funds have also modified their holdings of the company. SouthState Corp grew its holdings in shares of Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Calix during the first quarter valued at $28,000. Signaturefd LLC lifted its position in 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 purchasing an additional 480 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Calix in the 2nd quarter worth about $36,000. Finally, Quarry LP raised its position in shares of Calix by 1,704.0% during the 1st 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 in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of NYSE CALX opened at $58.67 on Monday. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $71.22. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -488.88 and a beta of 1.44. The business’s 50 day moving average price is $61.80 and its 200-day moving average price is $55.19.

Calix (NYSE:CALX) last released its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.10. The business had revenue of $265.44 million during the quarter, compared to the consensus estimate of $246.21 million. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Sell-side analysts predict that Calix, Inc will post -0.43 earnings per share for the current year.

Insider Transactions at Calix

In related news, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 540,000 shares of company stock valued at $34,699,800. 16.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CALX. Roth Capital set a $85.00 price target on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Craig Hallum reissued a “buy” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

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.