Calix, Inc $CALX Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Calix, Inc (NYSE:CALX) by 50.4% in the first quarter, HoldingsChannel reports. The firm owned 107,313 shares of the communications equipment provider’s stock after acquiring an additional 35,976 shares during the period. Russell Investments Group Ltd.’s holdings in Calix were worth $3,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Calix by 2.4% during 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 stake in shares of Calix during the 1st quarter worth about $922,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Calix during the 4th quarter worth about $3,844,000. GAMMA Investing LLC raised its position in shares of Calix by 4,397.2% during the 1st quarter. GAMMA Investing LLC now owns 23,745 shares of the communications equipment provider’s stock worth $842,000 after buying an additional 23,217 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after buying an additional 37,601 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

CALX stock opened at $58.5330 on Friday. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $59.30. The company’s 50 day simple moving average is $53.71 and its 200-day simple moving average is $44.33. The firm has a market capitalization of $3.82 billion, a P/E ratio of -146.33 and a beta of 1.27.

Calix (NYSE:CALX) last posted its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.41. The company had revenue of $241.90 million during the quarter, compared to the consensus estimate 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 for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Sell-side analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the company’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 completion of the sale, the director directly owned 2,114,188 shares of the company’s stock, valued at approximately $117,126,015.20. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief financial officer directly owned 76,285 shares of the company’s stock, valued at approximately $4,271,960. This trade represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,465,000. 16.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wolfe Research assumed coverage on shares of Calix in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted 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. Rosenblatt Securities boosted their target price on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Needham & Company LLC boosted their target price on shares of Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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.