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) during the first quarter, according to the company in its most recent 13F 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 about 0.08% of Calix as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CALX. Meeder Asset Management Inc. purchased a new position in Calix in the first quarter valued at approximately $28,000. Signaturefd LLC grew its position in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after acquiring an additional 480 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Calix in the fourth quarter worth $208,000. LVW Advisors LLC purchased a new position in Calix in the first quarter worth $226,000. Finally, Kera Capital Partners Inc. purchased a new stake in Calix during the first quarter valued at about $261,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Trading Up 2.1%

Shares of CALX traded up $1.31 during mid-day trading on Wednesday, hitting $62.98. The company's stock had a trading volume of 731,143 shares, compared to its average volume of 514,546. The company's 50-day moving average is $56.50 and its 200-day moving average is $46.09. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $63.00. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -157.45 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CALX. JPMorgan Chase & Co. increased their target price on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Rosenblatt Securities raised their target price on shares of Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Needham & Company LLC raised their price target on shares of Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Wolfe Research initiated coverage on shares of Calix in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Calix currently has a consensus rating of "Moderate Buy" and an average price target of $59.25.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 76,555 shares of the company's stock, valued at $4,593,300. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,000 shares of company stock valued at $3,065,000. Company insiders own 16.90% of the company's stock.

Calix Company 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.