Trexquant Investment LP Buys 77,719 Shares of Calix, Inc $CALX

Trexquant Investment LP raised its stake in Calix, Inc (NYSE:CALX) by 151.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,132 shares of the communications equipment provider’s stock after acquiring an additional 77,719 shares during the quarter. Trexquant Investment LP’s holdings in Calix were worth $4,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 480 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Calix by 8.0% in the first quarter. Portside Wealth Group LLC now owns 8,414 shares of the communications equipment provider’s stock valued at $298,000 after buying an additional 621 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Calix in the first quarter valued at approximately $28,000. HighTower Advisors LLC increased its stake in shares of Calix by 0.9% in the first quarter. HighTower Advisors LLC now owns 119,253 shares of the communications equipment provider’s stock valued at $4,226,000 after buying an additional 1,008 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Calix by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 202,274 shares of the communications equipment provider’s stock valued at $7,053,000 after buying an additional 1,135 shares during the period. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Calix from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wolfe Research initiated coverage on Calix in a research note on Monday, July 7th. They issued a “peer perform” rating for the company. Rosenblatt Securities upped their price objective on Calix from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Finally, Needham & Company LLC upped their price objective on Calix from $60.00 to $70.00 and gave the company a “buy” rating in a research note 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 an average rating of “Moderate Buy” and a consensus price target of $59.25.

Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction that occurred 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 owned 2,114,188 shares of the company’s stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Cory Sindelar sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,000 shares of company stock valued at $3,065,000. Insiders own 16.90% of the company’s stock.

Calix Stock Performance

NYSE:CALX opened at $59.50 on Tuesday. The company has a market capitalization of $3.89 billion, a PE ratio of -148.75 and a beta of 1.35. The company has a 50 day simple moving average of $55.18 and a two-hundred day simple moving average of $45.15. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $61.27.

Calix (NYSE:CALX) last released its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.41. The business 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 quarter in the prior year, the firm posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts predict that Calix, Inc will post -0.43 EPS 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.