Polar Asset Management Partners Inc. Lowers Stock Position in Calix, Inc $CALX

Key Points

• Polar Asset Management Partners Inc. sold 192,548 shares of Calix, Inc, reducing its stake by 31.7% and leaving it with 414,952 shares valued at approximately $14.7 million.
• Multiple institutional investors, including Principal Financial Group and American Century Companies, have recently increased their holdings in Calix during the same period.
• Calix recently reported Q2 earnings with an EPS of $0.33, significantly exceeding expectations of ($0.08), and a quarterly revenue of $241.9 million, up 22.1% year-over-year.

Polar Asset Management Partners Inc. lessened its holdings in Calix, Inc (NYSE:CALX - Free Report) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 414,952 shares of the communications equipment provider's stock after selling 192,548 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.64% of Calix worth $14,706,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CALX. Principal Financial Group Inc. grew its stake in shares of Calix by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider's stock worth $10,438,000 after buying an additional 7,030 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Calix in the 1st quarter valued at about $922,000. American Century Companies Inc. lifted its holdings in shares of Calix by 22.8% in the 1st quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider's stock valued at $5,115,000 after acquiring an additional 26,778 shares during the last quarter. Russell Investments Group Ltd. grew its position in Calix by 50.4% in the first quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider's stock worth $3,803,000 after acquiring an additional 35,976 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in Calix in the fourth quarter worth about $3,844,000. Institutional investors own 98.14% of the company's stock.

Insider Buying and Selling at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares of the company's stock, valued at approximately $4,593,300. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction on 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. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $3,065,000 over the last 90 days. 16.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CALX shares. Rosenblatt Securities upped their price objective on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wolfe Research initiated coverage on Calix in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Needham & Company LLC increased their price target on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Calix has an average rating of "Moderate Buy" and an average target price of $59.25.

Calix Stock Up 1.0%

CALX traded up $0.62 on Wednesday, reaching $62.29. 354,018 shares of the company traded hands, compared to its average volume of 740,825. The company has a market cap of $4.07 billion, a P/E ratio of -155.82 and a beta of 1.35. Calix, Inc has a one year low of $28.60 and a one year high of $62.90. The firm has a fifty day simple moving average of $56.30 and a two-hundred day simple moving average of $45.98.

Calix (NYSE:CALX - Get Free Report) last issued its 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 net margin of 3.09% and a negative return on equity of 3.21%. The business had revenue of $241.90 million for the quarter, compared to analyst estimates of $223.81 million. During the same period last year, the company posted $0.09 earnings per share. The company's quarterly revenue 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, equities analysts forecast that Calix, Inc will post -0.43 earnings per share for the current year.

Calix Company 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.