Deutsche Bank AG Decreases Position in Calix, Inc $CALX

Key Points

• Deutsche Bank AG reduced its holdings in Calix, Inc by 2.0%, now owning approximately 275,095 shares worth $9.75 million after selling 5,501 shares in the first quarter.
• Several institutional investors, including Vanguard Group and Millennium Management, have significantly increased their stakes in Calix, indicating strong institutional interest in the company.
• Calix recently reported better-than-expected earnings, with $0.33 EPS versus a consensus estimate of ($0.08), and announced a stock buyback plan of up to $100 million.

Deutsche Bank AG cut its stake in Calix, Inc (NYSE:CALX - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,095 shares of the communications equipment provider's stock after selling 5,501 shares during the quarter. Deutsche Bank AG owned about 0.42% of Calix worth $9,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CALX. Meeder Asset Management Inc. acquired a new stake in shares of Calix in the 1st quarter worth $28,000. Signaturefd LLC increased its position in shares of Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 480 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Calix during the 4th quarter worth about $208,000. Summit Investment Advisors Inc. increased its position in shares of Calix by 8.1% during the 4th 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 acquired a new stake in shares of Calix during the 1st quarter worth about $226,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CALX. UBS Group reissued a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Needham & Company LLC raised their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on 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 Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Rosenblatt Securities raised their price objective on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.25.

Insider Activity

In other news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the transaction, the chief financial officer owned 76,285 shares in the company, valued at approximately $4,271,960. This trade represents a 11.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $2,465,000 in the last quarter. Company insiders own 16.90% of the company's stock.

Calix Stock Performance

Shares of CALX traded up $0.1540 during midday trading on Wednesday, hitting $56.5740. The company had a trading volume of 763,492 shares, compared to its average volume of 714,087. The company's 50-day simple moving average is $53.30 and its 200-day simple moving average is $44.09. The firm has a market capitalization of $3.69 billion, a P/E ratio of -141.43 and a beta of 1.27. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $59.30.

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

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.