Canada Pension Plan Investment Board Makes New $1.90 Million Investment in Calix, Inc $CALX

Key Points

• The Canada Pension Plan Investment Board has invested approximately $1.90 million in Calix, Inc, acquiring 53,500 shares in the first quarter of the year.
• Calix reported a 22.1% increase in revenue year-over-year, with earnings per share of $0.33, significantly exceeding analysts' expectations.
• Institutional investors own 98.14% of Calix's stock, indicating a strong presence of larger financial entities in the company's ownership structure.

Canada Pension Plan Investment Board bought a new position in Calix, Inc (NYSE:CALX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 53,500 shares of the communications equipment provider's stock, valued at approximately $1,896,000. Canada Pension Plan Investment Board owned 0.08% of Calix as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Calix by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider's stock worth $10,438,000 after purchasing an additional 7,030 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Calix in the 1st quarter worth approximately $922,000. American Century Companies Inc. boosted its holdings in shares of Calix by 22.8% in the 1st quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider's stock worth $5,115,000 after purchasing an additional 26,778 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Calix by 50.4% in the 1st quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider's stock worth $3,803,000 after purchasing an additional 35,976 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Calix in the 4th quarter worth approximately $3,844,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Insider Transactions at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl Russo sold 25,000 shares of the company'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 sale, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock worth $3,065,000 in the last 90 days. Company insiders own 16.90% of the company's stock.

Calix Trading Up 0.2%

Shares of CALX stock traded up $0.15 during mid-day trading on Tuesday, reaching $61.25. The stock had a trading volume of 301,119 shares, compared to its average volume of 741,071. The business's fifty day moving average is $56.11 and its 200-day moving average is $45.87. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -153.22 and a beta of 1.35. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $61.72.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results 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. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The firm had revenue of $241.90 million for the quarter, compared to the consensus estimate of $223.81 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, analysts forecast that Calix, Inc will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wolfe Research assumed coverage on Calix in a report on Monday, July 7th. They set a "peer perform" rating for the company. Needham & Company LLC boosted their price objective on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Rosenblatt Securities boosted their price objective on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Four 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.

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.