Arrowstreet Capital Limited Partnership Increases Stake in Calix, Inc $CALX

Arrowstreet Capital Limited Partnership increased its stake in Calix, Inc (NYSE:CALX) by 60.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 405,439 shares of the communications equipment provider’s stock after acquiring an additional 152,232 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.62% of Calix worth $21,565,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of Calix by 36.0% during the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the communications equipment provider’s stock valued at $73,000 after buying an additional 363 shares during the period. Atria Investments Inc boosted its holdings in Calix by 4.6% in the second 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 grew its position in Calix by 10,000.0% during the second 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 period. Rhumbline Advisers grew its position in Calix by 0.3% during the second quarter. Rhumbline Advisers now owns 167,752 shares of the communications equipment provider’s stock valued at $8,923,000 after acquiring an additional 535 shares during the period. Finally, Huntleigh Advisors Inc. increased its stake in Calix by 5.7% during the second quarter. Huntleigh Advisors Inc. now owns 10,383 shares of the communications equipment provider’s stock worth $552,000 after acquiring an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CALX. Rosenblatt Securities lifted their price objective on Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $82.00 price target on shares of Calix in a report on Monday, November 24th. UBS Group reiterated an “outperform” rating and set a $75.00 price objective on shares of Calix in a research note on Friday, October 31st. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Calix Price Performance

Shares of CALX stock opened at $54.14 on Monday. The company’s fifty day moving average price is $59.61 and its two-hundred day moving average price is $56.34. The firm has a market capitalization of $3.59 billion, a P/E ratio of -451.14 and a beta of 1.59. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

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

Insiders Place Their Bets

In other news, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the sale, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 530,000 shares of company stock valued at $34,099,800 in the last ninety days. Corporate insiders own 16.90% of the company’s stock.

Calix Company 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.