Calix, Inc $CALX Shares Acquired by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its holdings in Calix, Inc by 27.3% during the first quarter, owning approximately 0.29% of the company's shares, valued at $6.63 million.
• Several institutional investors, including Millennium Management LLC and Balyasny Asset Management L.P., made substantial increases in their positions in Calix, indicating strong institutional interest in the stock.
• Calix's recent quarterly earnings report revealed an earnings per share (EPS) of $0.33, beating estimates, with revenues up 22.1% year-over-year, reflecting positive growth for the communications equipment provider.

Public Sector Pension Investment Board increased its stake in Calix, Inc (NYSE:CALX - Free Report) by 27.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 187,189 shares of the communications equipment provider's stock after purchasing an additional 40,175 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.29% of Calix worth $6,634,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in shares of Calix during the first quarter valued at about $28,000. Signaturefd LLC grew its position in Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after acquiring an additional 480 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Calix in the fourth quarter worth $208,000. Summit Investment Advisors Inc. lifted its position in shares of Calix by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after purchasing an additional 465 shares during the last quarter. Finally, LVW Advisors LLC bought a new stake in shares of Calix during the first quarter worth $226,000. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CALX shares. Rosenblatt Securities lifted their price objective on shares of Calix from $56.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price 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. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Wolfe Research started coverage on Calix in a report on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, Needham & Company LLC boosted their price target on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.25.

Calix Stock Performance

NYSE:CALX traded up $0.4380 during trading hours on Thursday, reaching $57.0580. The company's stock had a trading volume of 483,227 shares, compared to its average volume of 676,669. The company has a market capitalization of $3.73 billion, a P/E ratio of -142.64 and a beta of 1.27. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $59.30. The stock has a 50 day moving average price of $53.48 and a two-hundred day moving average price of $44.21.

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

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,285 shares of the company's stock, valued at $4,271,960. This trade represents a 11.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $2,465,000 in the last three months. 16.90% of the stock is currently owned by 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.