Calix, Inc $CALX Holdings Decreased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its stake in Calix, Inc by 30.2%, selling 51,928 shares and now holds 119,759 shares worth approximately $4.24 million.
• Despite Panagora's sale, other institutional investors increased their positions, with Signaturefd LLC raising its holdings by 91.1% during the same period.
• Calix's recent earnings report showed a significant earnings per share of $0.33, exceeding estimates and reflecting a year-over-year revenue increase of 22.1%.

Panagora Asset Management Inc. reduced its position in Calix, Inc (NYSE:CALX - Free Report) by 30.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,759 shares of the communications equipment provider's stock after selling 51,928 shares during the quarter. Panagora Asset Management Inc. owned about 0.18% of Calix worth $4,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Calix during the first quarter worth about $28,000. Signaturefd LLC grew its holdings in shares of Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 480 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Calix during the 4th quarter worth approximately $208,000. LVW Advisors LLC acquired a new stake in Calix during the 1st quarter worth approximately $226,000. Finally, Kera Capital Partners Inc. purchased a new position in Calix in the first quarter valued at approximately $261,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Stock Performance

Shares of NYSE CALX traded down $0.42 during midday trading on Friday, reaching $60.62. 349,717 shares of the company's stock were exchanged, compared to its average volume of 532,155. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $61.72. The business's fifty day moving average price is $55.95 and its two-hundred day moving average price is $45.71. The stock has a market capitalization of $3.96 billion, a PE ratio of -151.54 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating 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 firm 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 business posted $0.09 earnings per share. Calix's revenue for the quarter was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the 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 transaction, the director directly owned 2,114,188 shares in the company, valued at $117,126,015.20. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares of the company's stock, 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 have sold 55,000 shares of company stock valued at $3,065,000 in the last three months. Corporate insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CALX shares. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Rosenblatt Securities upped their price target on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wolfe Research started coverage on Calix in a report on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, Needham & Company LLC raised their price objective on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Calix currently 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.