Franklin Resources Inc. Has $1.65 Million Holdings in Calix, Inc $CALX

Franklin Resources Inc. grew its holdings in shares of Calix, Inc (NYSE:CALX) by 93.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,936 shares of the communications equipment provider’s stock after acquiring an additional 14,946 shares during the quarter. Franklin Resources Inc.’s holdings in Calix were worth $1,645,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in Calix by 36.0% in the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the communications equipment provider’s stock valued at $73,000 after purchasing an additional 363 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Calix by 4.6% in the 2nd quarter. Atria Investments Inc now owns 9,384 shares of the communications equipment provider’s stock valued at $499,000 after acquiring an additional 416 shares during the last quarter. SouthState Corp lifted its stake in shares of Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Huntleigh Advisors Inc. boosted its holdings in shares of Calix by 5.7% during the 2nd quarter. Huntleigh Advisors Inc. now owns 10,383 shares of the communications equipment provider’s stock valued at $552,000 after acquiring an additional 561 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Calix in the 2nd quarter worth about $36,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

NYSE:CALX opened at $53.61 on Friday. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $71.22. The firm’s fifty day moving average is $59.76 and its 200-day moving average is $56.15. The firm has a market cap of $3.55 billion, a P/E ratio of -446.67 and a beta of 1.59.

Calix (NYSE:CALX) last released its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The business had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. Calix’s revenue for the quarter was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, sell-side analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CALX. JPMorgan Chase & Co. boosted their price target on Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Craig Hallum reissued a “buy” rating and set a $75.00 target price on shares of Calix in a report on Friday, October 31st. UBS Group restated an “outperform” rating and issued a $75.00 price target on shares of Calix in a research report on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $82.00 price target on shares of Calix in a report on Monday, November 24th. Finally, Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling

In other Calix news, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 530,000 shares of company stock valued at $34,099,800 over the last 90 days. Company insiders own 16.90% of the company’s stock.

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.