Artisan Partners Limited Partnership Decreases Stake in Calix, Inc $CALX

Artisan Partners Limited Partnership cut its holdings in shares of Calix, Inc (NYSE:CALX) by 41.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 710,197 shares of the communications equipment provider’s stock after selling 494,486 shares during the period. Artisan Partners Limited Partnership owned about 1.07% of Calix worth $43,585,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CALX. CWM LLC boosted its holdings in Calix by 12.9% in the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Calix by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 190 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after buying an additional 190 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Calix by 1.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after buying an additional 200 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 255 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Stock Up 0.6%

Shares of NYSE CALX opened at $51.77 on Friday. The firm’s 50-day moving average price is $53.44 and its two-hundred day moving average price is $57.25. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $71.22. The stock has a market capitalization of $3.40 billion, a P/E ratio of 207.09 and a beta of 1.56.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same period in the prior year, the firm earned $0.08 EPS. The business’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Calix announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on CALX. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Calix in a research note on Tuesday, January 27th. Needham & Company LLC decreased their price target on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

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.