Fort Washington Investment Advisors Inc. OH Makes New $32.09 Million Investment in Calix, Inc $CALX

Key Points

• Fort Washington Investment Advisors acquired 933,937 Calix shares worth approximately $32.09 million, giving it a 1.48% stake. Institutional investors collectively own 98.14% of the company.
• Calix exceeded quarterly expectations, reporting $0.47 earnings per share versus a $0.40 estimate and revenue of $293.33 million, up 21.3% year over year.
• Analysts maintain a generally positive view, with seven Buy ratings and two Holds, though JPMorgan and Rosenblatt recently lowered their price targets. The consensus rating is “Moderate Buy,” with an average target of $63.86 versus the stock’s $37.11 opening price.

Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Calix, Inc (NYSE:CALX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 933,937 shares of the communications equipment provider's stock, valued at approximately $32,090,000. Fort Washington Investment Advisors Inc. OH owned 1.48% of Calix at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider's stock valued at $39,000 after acquiring an additional 742 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Calix in the second quarter valued at about $31,000. OV Management LLC acquired a new position in shares of Calix in the second quarter valued at about $62,000. Assetmark Inc. grew its stake in shares of Calix by 4,313.8% in the first quarter. Assetmark Inc. now owns 2,560 shares of the communications equipment provider's stock valued at $125,000 after acquiring an additional 2,502 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Calix in the second quarter valued at about $105,000. Institutional investors own 98.14% of the company's stock.

Insider Activity at Calix

In related news, Director Carl Russo sold 75,000 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the transaction, the director owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The sale 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. Insiders own 17.44% of the company's stock.

Calix Price Performance

Shares of NYSE CALX opened at $37.11 on Friday. The stock has a market capitalization of $2.34 billion, a PE ratio of 50.15 and a beta of 1.32. The business has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $39.37. Calix, Inc has a fifty-two week low of $32.35 and a fifty-two week high of $71.22.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The firm had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%. The company's revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities analysts expect that Calix, Inc will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Rosenblatt Securities cut their price objective on shares of Calix from $70.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Weiss Ratings raised shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. Roth Capital restated a "buy" rating on shares of Calix in a research report on Tuesday, July 21st. Finally, Zacks Research raised shares of Calix from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Calix has an average rating of "Moderate Buy" and an average price target of $63.86.

Calix Company Profile

Calix, Inc NYSE: CALX provides cloud and software platforms, broadband access systems, and related services to communications service providers. Its solutions are designed to help providers deploy, manage, and monetize broadband networks while improving the subscriber experience across residential, business, and community markets.

The company's offerings include the AXOS broadband access platform, Calix Cloud software, and a portfolio of hardware and subscriber-premises equipment. These products support fiber, fixed wireless, and other broadband networks and can provide capabilities such as network automation, analytics, Wi-Fi management, cybersecurity, and connected-home services.

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