Alyeska Investment Group L.P. Increases Position in Calix, Inc $CALX

Key Points

• Alyeska Investment Group L.P. increased its stake in Calix, Inc. by 26.3% during the first quarter, now owning approximately 1.59% of the company, valued at $36.58 million.
• Research analysts have positively revised their target prices for Calix, with JPMorgan Chase raising its target from $38 to $52 and Needham & Company increasing it from $60 to $70, indicating a consensus rating of "Moderate Buy."
• Calix reported a quarterly earnings surprise with $0.33 EPS, beating expectations, and its revenue grew by 22.1% year-over-year, totaling $241.9 million.

Alyeska Investment Group L.P. grew its stake in Calix, Inc (NYSE:CALX - Free Report) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,032,292 shares of the communications equipment provider's stock after acquiring an additional 215,028 shares during the quarter. Alyeska Investment Group L.P. owned about 1.59% of Calix worth $36,584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Calix in the 1st quarter valued at $28,000. Signaturefd LLC grew its stake in Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after buying an additional 480 shares during the last quarter. Quarry LP grew its stake in Calix by 1,704.0% during the 1st quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock worth $48,000 after buying an additional 1,278 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Calix during the 4th quarter worth $208,000. Finally, LVW Advisors LLC purchased a new position in Calix during the 1st quarter worth $226,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wolfe Research assumed coverage on Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Needham & Company LLC boosted their target price on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Rosenblatt Securities boosted their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 55,000 shares of company stock valued at $3,065,000. Insiders own 16.90% of the company's stock.

Calix Stock Down 0.5%

Shares of CALX stock opened at $58.72 on Thursday. The stock has a market cap of $3.83 billion, a PE ratio of -146.79 and a beta of 1.35. The business has a 50-day simple moving average of $55.55 and a 200-day simple moving average of $45.34. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $61.27.

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

About Calix

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.

Want to see what other hedge funds are holding CALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calix, Inc (NYSE:CALX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.