Voya Investment Management LLC Raises Holdings in Calix, Inc $CALX

Key Points

• Voya Investment Management LLC increased its holdings in Calix, Inc by 23.7% during the first quarter, owning 38,278 shares valued at approximately $1.36 million.
• Several institutional investors have recently boosted their stakes in Calix, with hedge funds now owning 98.14% of the company's stock, indicating strong interest from large investors.
• Wall Street analysts are optimistic about Calix, raising their price targets, with a consensus rating of "Moderate Buy" and an average target price of $64.00.

Voya Investment Management LLC grew its position in shares of Calix, Inc (NYSE:CALX - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,278 shares of the communications equipment provider's stock after purchasing an additional 7,328 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Calix worth $1,357,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its holdings in Calix by 7.4% in the 4th quarter. Nuveen Asset Management LLC now owns 432,623 shares of the communications equipment provider's stock valued at $15,086,000 after purchasing an additional 29,754 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Calix by 46.2% during the 4th quarter. ProShare Advisors LLC now owns 17,921 shares of the communications equipment provider's stock worth $625,000 after purchasing an additional 5,662 shares during the last quarter. Two Sigma Investments LP raised its holdings in Calix by 31.0% in the 4th quarter. Two Sigma Investments LP now owns 29,994 shares of the communications equipment provider's stock valued at $1,046,000 after acquiring an additional 7,100 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Calix by 20.9% in the 4th quarter. Squarepoint Ops LLC now owns 146,452 shares of the communications equipment provider's stock valued at $5,107,000 after acquiring an additional 25,352 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Calix in the 4th quarter valued at $7,607,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CALX. Needham & Company LLC upped their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Roth Capital increased their price target on shares of Calix from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. raised their target price on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Wolfe Research assumed coverage on shares of Calix in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Insiders Place Their Bets

In other news, 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 transaction 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 trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were 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 in the company, valued at $4,593,300. This 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 valued at $3,065,000 in the last three months. Company insiders own 16.90% of the company's stock.

Calix Stock Performance

Calix stock opened at $63.61 on Tuesday. The company has a 50 day moving average price of $58.15 and a 200 day moving average price of $47.73. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $64.30. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -159.02 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The company's revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Equities analysts forecast that Calix, Inc will post -0.43 earnings per share for the current fiscal 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.

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