EntryPoint Capital LLC Has $618,000 Stake in Calix, Inc $CALX

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 holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 22.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,446 shares of the communications equipment provider's stock after selling 5,018 shares during the period. EntryPoint Capital LLC's holdings in Calix were worth $618,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Bank of Montreal Can raised its stake in Calix by 27.1% during the fourth quarter. Bank of Montreal Can now owns 11,057 shares of the communications equipment provider's stock worth $386,000 after acquiring an additional 2,358 shares in the last quarter. Summit Investment Advisors Inc. increased its position in 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 in the last quarter. Barclays PLC lifted 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 acquired a new stake in Calix in the fourth quarter valued at approximately $2,021,000. Finally, Dimensional Fund Advisors LP boosted its position in Calix by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,832,407 shares of the communications equipment provider's stock valued at $63,897,000 after buying an additional 74,720 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, July 28th. The shares were sold at an average price of $55.40, for a total transaction 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. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the chief financial officer directly owned 76,285 shares in the company, valued at $4,271,960. This trade represents a 11.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $2,465,000. 16.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CALX has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Rosenblatt Securities upped their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased 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. Wolfe Research started coverage on Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. 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 currently has an average rating of "Moderate Buy" and an average price target of $59.25.

Calix Stock Performance

Shares of CALX traded up $0.0450 during mid-day trading on Monday, reaching $58.5050. 95,686 shares of the company were exchanged, compared to its average volume of 754,920. The business has a 50 day simple moving average of $53.71 and a two-hundred day simple moving average of $44.37. The stock has a market capitalization of $3.82 billion, a PE ratio of -146.27 and a beta of 1.27. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $59.30.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, analysts predict that Calix, Inc will post -0.43 EPS for the current year.

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.