JPMorgan Chase & Co. Has $7.14 Million Stake in Calix, Inc $CALX

Key Points

• JPMorgan Chase reduced its stake in Calix by 41.1%, selling 80,989 shares and ending the quarter with 116,295 shares worth about $7.14 million (≈0.18% of the company).
• Several other institutions sharply increased positions—Arrowstreet, Divisadero, Westfield, Cubist and Invesco all made large purchases—leaving institutional and hedge fund ownership at 98.14%.
• Calix beat quarterly estimates (EPS $0.39 vs. $0.38; revenue $272.4M, up 32.2% YoY), authorized a $125M buyback (~3.4% of shares), and carries a consensus “Moderate Buy” rating with a $77.50 target (JPMorgan upgraded to overweight with a $90 target).

JPMorgan Chase & Co. lowered its stake in Calix, Inc (NYSE:CALX - Free Report) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,295 shares of the communications equipment provider's stock after selling 80,989 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of Calix worth $7,137,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CALX. Arrowstreet Capital Limited Partnership grew its holdings in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider's stock valued at $78,212,000 after purchasing an additional 868,987 shares during the last quarter. Divisadero Street Capital Management LP lifted its stake in Calix by 756.0% in the 3rd quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider's stock valued at $27,854,000 after purchasing an additional 400,851 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Calix by 135.0% in the third quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider's stock valued at $41,983,000 after buying an additional 392,947 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Calix by 1,166.0% in the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider's stock valued at $15,427,000 after buying an additional 267,118 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Calix by 114.9% during the third quarter. Invesco Ltd. now owns 482,033 shares of the communications equipment provider's stock worth $29,582,000 after buying an additional 257,771 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

CALX stock opened at $49.39 on Tuesday. The company has a market capitalization of $3.24 billion, a P/E ratio of 197.58 and a beta of 1.49. The company has a fifty day moving average price of $52.15 and a 200-day moving average price of $56.07. Calix, Inc has a 52-week low of $29.50 and a 52-week high of $71.22.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $272.40 million for the quarter, compared to analysts' expectations of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. Calix's revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, sell-side analysts forecast that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CALX. Weiss Ratings upgraded shares of Calix from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, February 23rd. Zacks Research lowered Calix from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Needham & Company LLC lowered their target price on Calix from $82.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, January 29th. JPMorgan Chase & Co. upgraded Calix from a "neutral" rating to an "overweight" rating and increased their target price for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered Calix from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $77.50.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company's flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.