Calix, Inc $CALX Shares Sold by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC reduced its stock holdings in Calix, Inc by 22.3% in Q1, owning 17,446 shares after selling 5,018 shares, valued at approximately $618,000.
• Multiple hedge funds, including Signaturefd LLC, have increased their positions in Calix, with institutional investors owning 98.14% of the company's stock.
• Calix has received several upgrades from analysts, notably from Wall Street Zen who upgraded the stock to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" with an average target price of $59.25.

EntryPoint Capital LLC cut its stake in Calix, Inc (NYSE:CALX - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,446 shares of the communications equipment provider's stock after selling 5,018 shares during the quarter. EntryPoint Capital LLC's holdings in Calix were worth $618,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of Calix by 27.1% during the fourth quarter. Bank of Montreal Can now owns 11,057 shares of the communications equipment provider's stock valued at $386,000 after acquiring an additional 2,358 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Calix by 8.1% during the fourth 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 in the last quarter. Barclays PLC raised its stake in Calix by 88.9% in the 4th quarter. Barclays PLC now owns 214,511 shares of the communications equipment provider's stock valued at $7,480,000 after purchasing an additional 100,932 shares during the last quarter. Marshall Wace LLP purchased a new position in Calix in the 4th quarter valued at $2,021,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Calix by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider's stock valued at $63,897,000 after purchasing an additional 74,720 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the chief financial officer owned 76,285 shares of the company's stock, valued at $4,271,960. This represents a 11.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction on 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 transaction, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $2,465,000 over the last quarter. 16.90% of the stock is currently owned by company insiders.

Calix Price Performance

Shares of CALX traded up $1.4030 during mid-day trading on Friday, reaching $58.5330. The stock had a trading volume of 464,435 shares, compared to its average volume of 645,314. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $59.30. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -146.33 and a beta of 1.27. The business's fifty day moving average is $53.71 and its 200 day moving average is $44.35.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating 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 company had revenue of $241.90 million for the quarter, compared to analyst estimates of $223.81 million. During the same period 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 anticipate that Calix, Inc will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.