Calix, Inc $CALX Stock Position Raised by Congress Asset Management Co.

Congress Asset Management Co. increased its position in Calix, Inc (NYSE:CALX) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,417,944 shares of the communications equipment provider’s stock after purchasing an additional 39,447 shares during the period. Congress Asset Management Co.’s holdings in Calix were worth $75,420,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Calix by 0.5% in the first 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 during the period. Alliancebernstein L.P. lifted its stake in Calix by 12.1% in the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after acquiring an additional 270,397 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Calix by 26.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock worth $36,584,000 after acquiring an additional 215,028 shares during the period. Assenagon Asset Management S.A. grew its stake in Calix by 135.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock valued at $50,410,000 after acquiring an additional 545,490 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Calix by 36.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 751,936 shares of the communications equipment provider’s stock valued at $26,648,000 after purchasing an additional 200,391 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on CALX. Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Monday. Roth Capital increased their target price 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 upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Rosenblatt Securities upped their price target on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC lifted their price objective on Calix from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Calix currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Buying and Selling

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

Calix Trading Up 0.3%

Shares of NYSE:CALX opened at $61.40 on Friday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $64.30. The firm has a fifty day moving average price of $58.76 and a 200 day moving average price of $48.14. The stock has a market capitalization of $4.01 billion, a PE ratio of -153.50 and a beta of 1.35.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share (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 return on equity of 3.21% and a negative net margin of 3.09%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, sell-side analysts forecast that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

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.