Danske Bank A S Trims Stock Position in Calix, Inc $CALX

Key Points

• Danske Bank A S slashed its Calix stake by 99.4% in the fourth quarter, selling 83,235 shares and leaving just 500 shares valued at about $26,000.
• Calix reported a strong quarter, with EPS of $0.40 beating estimates and revenue of $279.98 million, up 27.2% year over year. The company also announced Q2 2026 guidance of $0.35-$0.45 EPS and has a $125 million share buyback plan in place.
• Insider and analyst activity was mixed: Director Carl Russo sold 25,000 shares under a Rule 10b5-1 plan, while analysts currently rate the stock Moderate Buy with an average price target of $67.

Danske Bank A S decreased its holdings in Calix, Inc (NYSE:CALX - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 500 shares of the communications equipment provider's stock after selling 83,235 shares during the quarter. Danske Bank A S's holdings in Calix were worth $26,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in Calix by 11.0% in the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider's stock worth $993,000 after acquiring an additional 2,773 shares during the period. AQR Capital Management LLC boosted its stake in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider's stock worth $1,538,000 after acquiring an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Calix by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider's stock valued at $6,249,000 after acquiring an additional 16,905 shares during the period. Intech Investment Management LLC grew its position in shares of Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider's stock valued at $1,167,000 after acquiring an additional 6,962 shares during the period. Finally, Amundi increased its stake in shares of Calix by 16,478.0% in the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider's stock worth $518,000 after purchasing an additional 9,722 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares of the company's stock, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company's stock.

Calix Stock Performance

Shares of CALX stock opened at $43.28 on Friday. The stock has a fifty day simple moving average of $48.93 and a two-hundred day simple moving average of $53.47. The firm has a market capitalization of $2.76 billion, a PE ratio of 90.17 and a beta of 1.27. Calix, Inc has a 52-week low of $40.75 and a 52-week high of $71.22.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business's revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, sell-side analysts forecast that Calix, Inc will post 0.85 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $70.00 target price on shares of Calix in a report on Wednesday, April 22nd. Wall Street Zen lowered Calix from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 18th. Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Needham & Company LLC lowered their price objective on Calix from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Finally, Northland Securities downgraded Calix from an "outperform" rating to a "market perform" rating and set a $52.00 price objective for the company. in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.00.

About Calix

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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