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 lessened its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,095 shares of the communications equipment provider's stock after selling 5,501 shares during the period. Deutsche Bank AG owned approximately 0.42% of Calix worth $9,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Calix by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider's stock valued at $10,438,000 after purchasing an additional 7,030 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Calix during the 1st quarter valued at $922,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Calix during the 4th quarter valued at $3,844,000. GAMMA Investing LLC lifted its holdings in shares of Calix by 4,397.2% during the 1st quarter. GAMMA Investing LLC now owns 23,745 shares of the communications equipment provider's stock valued at $842,000 after purchasing an additional 23,217 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Calix by 7.4% during the 4th quarter. Nuveen Asset Management LLC now owns 432,623 shares of the communications equipment provider's stock valued at $15,086,000 after purchasing an additional 29,754 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

CALX has been the topic of several research reports. Roth Capital set a $50.00 target price on Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. UBS Group reissued a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Wolfe Research initiated coverage on Calix in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Finally, Needham & Company LLC upped their target price on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.25.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the sale, the director directly owned 2,114,188 shares in the company, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the chief financial officer owned 76,285 shares in the company, valued at $4,271,960. This trade represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $2,465,000 over the last 90 days. Insiders own 16.90% of the company's stock.

Calix Trading Down 2.1%

CALX traded down $1.2150 during midday trading on Tuesday, hitting $56.5950. 169,315 shares of the company were exchanged, compared to its average volume of 761,145. Calix, Inc has a 1-year low of $28.60 and a 1-year high of $59.30. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -141.48 and a beta of 1.27. The company's 50 day simple moving average is $52.96 and its 200 day simple moving average is $43.91.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating 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 analysts' expectations of $223.81 million. During the same period last year, the firm earned $0.09 EPS. The company's quarterly revenue was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, equities analysts anticipate that Calix, Inc will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has authorized a share buyback plan on Monday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

About Calix

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.