Calix, Inc $CALX Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has increased its stake in Calix, Inc by 60.1%, owning a total of 183,627 shares valued at approximately $6.5 million.
• Calix reported a quarterly earnings per share (EPS) of $0.33, significantly exceeding analysts' expectations of a loss of ($0.08), with a revenue increase of 22.1% year-over-year.
• Research analysts have generally given Calix a "Moderate Buy" rating, with target price hikes from firms like JPMorgan and Needham, reflecting optimism in the company's growth trajectory.

Acadian Asset Management LLC grew its stake in shares of Calix, Inc (NYSE:CALX - Free Report) by 60.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,627 shares of the communications equipment provider's stock after acquiring an additional 68,937 shares during the period. Acadian Asset Management LLC owned about 0.28% of Calix worth $6,504,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider's stock worth $284,065,000 after acquiring an additional 37,601 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Calix by 12.1% during the 1st 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 in the last quarter. Congress Asset Management Co. grew its holdings in Calix by 8.1% during the 1st quarter. Congress Asset Management Co. now owns 1,378,497 shares of the communications equipment provider's stock worth $48,854,000 after acquiring an additional 103,175 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Calix by 26.3% during 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 acquiring an additional 215,028 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Calix by 36.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 751,936 shares of the communications equipment provider's stock worth $26,648,000 after acquiring an additional 200,391 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CALX shares. Rosenblatt Securities raised their price objective on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Roth Capital raised their price target on shares of Calix from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday. Needham & Company LLC raised their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Calix has an average rating of "Moderate Buy" and an average price target of $64.00.

Calix Trading Up 4.5%

NYSE:CALX traded up $2.77 during mid-day trading on Thursday, hitting $64.10. The stock had a trading volume of 438,765 shares, compared to its average volume of 483,330. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -160.25 and a beta of 1.35. The company has a 50 day simple moving average of $57.63 and a 200-day simple moving average of $47.12. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $64.25.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41. The firm had revenue of $241.90 million for the quarter, compared to analysts' expectations of $223.81 million. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. Calix's quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, equities research analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current year.

Insider Activity

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares of the company's stock, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the transaction, the director directly owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,000 shares of company stock worth $3,065,000. 16.90% of the stock is owned by corporate insiders.

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.