Boston Partners Invests $911,000 in Calix, Inc $CALX

Boston Partners acquired a new position in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,126 shares of the communications equipment provider’s stock, valued at approximately $911,000.

A number of other large investors have also recently bought and sold shares of CALX. North Star Asset Management Inc. increased its position in Calix by 1.2% during the second quarter. North Star Asset Management Inc. now owns 96,526 shares of the communications equipment provider’s stock worth $5,134,000 after buying an additional 1,179 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Calix in the second quarter valued at $308,000. Prudential Financial Inc. boosted its stake in shares of Calix by 211.3% during the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock valued at $9,611,000 after acquiring an additional 122,649 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in Calix during the 2nd quarter worth about $234,000. Finally, American Century Companies Inc. increased its position in Calix by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 148,527 shares of the communications equipment provider’s stock worth $7,900,000 after purchasing an additional 4,204 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at $4,999,041.50. This trade represents a 39.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carl Russo sold 420,000 shares of Calix stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the transaction, the director directly owned 1,694,188 shares in the company, valued at $108,580,508.92. This represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 530,000 shares of company stock worth $34,099,800. 16.90% of the stock is owned by insiders.

Calix Stock Performance

Calix stock opened at $55.27 on Monday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The firm has a 50 day moving average price of $60.39 and a 200 day moving average price of $56.05. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -460.54 and a beta of 1.44.

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

Analysts Set New Price Targets

A number of research firms have issued reports on CALX. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a report on Tuesday, November 25th. UBS Group reissued an “outperform” rating and issued a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Roth Capital set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of Calix in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.