Assenagon Asset Management S.A. Has $2.69 Million Position in Calix, Inc $CALX

Key Points

• Assenagon Asset Management cut its stake in Calix by 80.4%, selling 208,457 shares and remaining with 50,879 shares worth about $2.69 million (≈0.08% of the company) per its latest 13F filing.
• Calix beat Q4 estimates with $0.39 EPS and revenue of $272.4M (up 32.2% YoY), set Q1 2026 guidance of $0.34–$0.40, and its board authorized a $125 million share buyback (up to ~3.4% of shares).
• Analysts hold a consensus "Moderate Buy" rating with an average price target of $77.50, versus a recent share price around $49, implying notable analyst-perceived upside.

Assenagon Asset Management S.A. trimmed its position in Calix, Inc (NYSE:CALX - Free Report) by 80.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,879 shares of the communications equipment provider's stock after selling 208,457 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Calix worth $2,693,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its stake in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider's stock worth $27,000 after acquiring an additional 255 shares during the period. Raymond James Financial Inc. bought a new stake in Calix in the 2nd quarter valued at $30,000. Whittier Trust Co. lifted its holdings in Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 541 shares during the last quarter. Covestor Ltd boosted its position in Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 365 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Calix during the third quarter worth $64,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

CALX has been the topic of several research analyst reports. Needham & Company LLC dropped their price objective on shares of Calix from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Calix from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Monday, February 23rd. Zacks Research downgraded Calix from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Craig Hallum set a $60.00 target price on Calix in a research note on Friday, January 30th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Calix in a research note on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.50.

Calix Stock Down 1.8%

NYSE CALX opened at $49.39 on Tuesday. The company has a market capitalization of $3.24 billion, a P/E ratio of 197.58 and a beta of 1.49. Calix, Inc has a 12-month low of $29.50 and a 12-month high of $71.22. The firm has a 50-day moving average price of $52.15 and a two-hundred day moving average price of $56.07.

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

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

Calix 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.

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