Polar Asset Management Partners Inc. Sells 192,548 Shares of 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. decreased its position in Calix, Inc (NYSE:CALX - Free Report) by 31.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 414,952 shares of the communications equipment provider's stock after selling 192,548 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.64% of Calix worth $14,706,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CALX. Principal Financial Group Inc. raised its stake in shares of Calix by 2.4% in the first 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 during the period. Teacher Retirement System of Texas bought a new position in shares of Calix in the first quarter worth about $922,000. American Century Companies Inc. raised its stake in shares of Calix by 22.8% in the first quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider's stock worth $5,115,000 after buying an additional 26,778 shares during the period. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 35,976 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Calix in the fourth quarter worth about $3,844,000. Institutional investors own 98.14% of the company's stock.

Insiders Place Their Bets

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value 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. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,000 shares of company stock valued at $3,065,000. 16.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CALX. Wall Street Zen raised 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 Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Rosenblatt Securities lifted their target price on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wolfe Research began coverage on Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Needham & Company LLC lifted their target price on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Calix has an average rating of "Moderate Buy" and an average target price of $59.25.

Calix Stock Performance

Shares of Calix stock opened at $61.01 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -152.52 and a beta of 1.35. The stock has a 50 day moving average price of $55.77 and a 200-day moving average price of $45.49. Calix, Inc has a one year low of $28.60 and a one year high of $61.27.

Calix (NYSE:CALX - Get Free Report) last announced 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 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 analysts' expectations of $223.81 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company'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. Sell-side analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

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.

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