Congress Asset Management Co. Acquires 45,258 Shares of Calix, Inc $CALX

Congress Asset Management Co. raised its holdings in Calix, Inc (NYSE:CALX) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,463,202 shares of the communications equipment provider’s stock after buying an additional 45,258 shares during the quarter. Congress Asset Management Co. owned 2.24% of Calix worth $89,797,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of Calix by 12.1% in the first quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after acquiring an additional 270,397 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares during the period. Alyeska Investment Group L.P. grew its position in Calix by 26.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock worth $36,584,000 after purchasing an additional 215,028 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Calix by 135.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after purchasing an additional 545,490 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Calix by 14.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 913,698 shares of the communications equipment provider’s stock valued at $48,600,000 after buying an additional 117,239 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CALX shares. JPMorgan Chase & Co. boosted their price target on Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. UBS Group restated an “outperform” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calix in a research report on Monday, December 15th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of Calix in a report on Monday, November 24th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $75.00 price objective on shares of Calix in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Calix Price Performance

Shares of NYSE:CALX opened at $54.72 on Friday. The business’s fifty day moving average price is $58.52 and its two-hundred day moving average price is $56.81. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $71.22. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -455.95 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the sale, the chief financial officer directly owned 76,555 shares in the company, valued at $4,999,041.50. This represents a 39.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Russo sold 420,000 shares of Calix stock in a transaction on 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 owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 530,000 shares of company stock valued at $34,099,800. 16.90% of the stock is currently owned by insiders.

Calix Company Profile

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.