Trexquant Investment LP Has $4.58 Million Stock Holdings in Calix, Inc $CALX

Key Points

• Trexquant Investment LP significantly increased its stake in Calix, Inc by 151.2%, owning 129,132 shares worth approximately $4.58 million by the end of the first quarter.
• Several analysts upgraded Calix's stock, with Needham & Company LLC raising their price target from $60 to $70, indicating a strong buying interest in the company.
• Calix reported a quarterly earnings beat with earnings per share of $0.33, surpassing expectations, and revenue of $241.90 million, which was 22.1% higher than the previous year.

Trexquant Investment LP grew its holdings in Calix, Inc (NYSE:CALX - Free Report) by 151.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 129,132 shares of the communications equipment provider's stock after buying an additional 77,719 shares during the quarter. Trexquant Investment LP owned approximately 0.20% of Calix worth $4,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Penn Capital Management Company LLC acquired a new stake in shares of Calix in the first quarter valued at $12,018,000. CW Advisors LLC increased its position in Calix by 38.1% in the first quarter. CW Advisors LLC now owns 208,017 shares of the communications equipment provider's stock worth $7,372,000 after purchasing an additional 57,400 shares during the period. American Century Companies Inc. increased its position in 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 purchasing an additional 26,778 shares during the period. Neuberger Berman Group LLC acquired a new stake in Calix in the first quarter worth about $8,620,000. Finally, Russell Investments Group Ltd. increased 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 purchasing an additional 35,976 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated 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 in the company, valued at $4,593,300. This trade represents a 11.55% 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 in the last quarter. 16.90% of the stock is currently owned by company insiders.

Calix Stock Performance

CALX traded down $0.42 during midday trading on Friday, reaching $60.62. 349,717 shares of the company were exchanged, compared to its average volume of 548,352. Calix, Inc has a one year low of $28.60 and a one year high of $61.72. The stock has a market capitalization of $3.96 billion, a P/E ratio of -151.54 and a beta of 1.35. The stock's 50-day simple moving average is $55.95 and its 200 day simple moving average is $45.67.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.09 EPS. 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. On average, research analysts anticipate that Calix, Inc will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CALX. JPMorgan Chase & Co. lifted their price objective on Calix from $38.00 to $52.00 and gave the stock 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. Needham & Company LLC lifted their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wolfe Research began coverage on Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, Rosenblatt Securities lifted their price objective on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.