Jacobs Levy Equity Management Inc. Trims Stock Position in Calix, Inc $CALX

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Calix, Inc by 22.0%, now owning approximately 0.85% of the company with a position valued at $19.58 million.
• Calix recently reported earnings of $0.33 per share, surpassing analysts' expectations, with a revenue increase of 22.1% year-over-year.
• Several institutional investors have increased their positions in Calix, with 98.14% of the company owned by institutional investors and hedge funds overall.

Jacobs Levy Equity Management Inc. cut its position in Calix, Inc (NYSE:CALX - Free Report) by 22.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,602 shares of the communications equipment provider's stock after selling 156,121 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.85% of Calix worth $19,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CALX. Stifel Financial Corp raised its position in shares of Calix by 10.9% in the fourth quarter. Stifel Financial Corp now owns 19,512 shares of the communications equipment provider's stock worth $680,000 after buying an additional 1,924 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Calix by 9.4% in the 4th quarter. Northern Trust Corp now owns 632,486 shares of the communications equipment provider's stock valued at $22,055,000 after acquiring an additional 54,136 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Calix in the 4th quarter valued at about $208,000. BNP Paribas Financial Markets raised its stake in Calix by 102.4% in the fourth quarter. BNP Paribas Financial Markets now owns 51,004 shares of the communications equipment provider's stock valued at $1,779,000 after purchasing an additional 25,800 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Calix in the fourth quarter valued at approximately $3,844,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Stock Down 2.8%

Shares of CALX traded down $1.75 during trading hours on Friday, hitting $61.53. The company had a trading volume of 167,607 shares, compared to its average volume of 737,896. The stock's 50 day moving average price is $56.69 and its 200 day moving average price is $46.27. The firm has a market cap of $4.02 billion, a P/E ratio of -153.87 and a beta of 1.35. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $63.70.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping 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 business had revenue of $241.90 million for the quarter, compared to analysts' expectations of $223.81 million. During the same period in the previous year, the firm earned $0.09 EPS. The business'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, research analysts expect that Calix, Inc will post -0.43 EPS for the current fiscal year.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the business's 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 transaction, the director owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock worth $3,065,000 in the last 90 days. Corporate insiders own 16.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CALX shares. Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Needham & Company LLC raised their price target on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded 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 company a "buy" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Calix has a consensus rating of "Moderate Buy" and a consensus target price of $59.25.

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.