Texas Permanent School Fund Corp Sells 17,604 Shares of Calix, Inc $CALX

Texas Permanent School Fund Corp trimmed its position in Calix, Inc (NYSE:CALX) by 66.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,940 shares of the communications equipment provider’s stock after selling 17,604 shares during the period. Texas Permanent School Fund Corp’s holdings in Calix were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CALX. American Century Companies Inc. raised its holdings in shares of Calix by 22.8% in the 1st quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider’s stock valued at $5,115,000 after acquiring an additional 26,778 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Calix by 211.3% in the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after purchasing an additional 122,649 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Calix by 14.5% in the second quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares in the last quarter. Inspire Investing LLC lifted its position in Calix by 143.0% during the first quarter. Inspire Investing LLC now owns 28,224 shares of the communications equipment provider’s stock valued at $1,000,000 after purchasing an additional 16,611 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Calix by 23.7% during the first quarter. Voya Investment Management LLC now owns 38,278 shares of the communications equipment provider’s stock valued at $1,357,000 after purchasing an additional 7,328 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $82.00 target price on shares of Calix in a research note on Monday, November 24th. UBS Group restated an “outperform” rating and set a $75.00 price target on shares of Calix in a research report on Friday, October 31st. Rosenblatt Securities lifted their price target on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Craig Hallum reiterated a “buy” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Insider Buying and Selling

In other news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. This represents a 39.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 530,000 shares of company stock worth $34,099,800 in the last ninety days. 16.90% of the stock is owned by insiders.

Calix Stock Down 0.7%

Calix stock opened at $54.26 on Friday. The firm has a fifty day simple moving average of $58.07 and a two-hundred day simple moving average of $57.00. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22. The company has a market capitalization of $3.60 billion, a PE ratio of -452.14 and a beta of 1.59.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The firm had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, equities analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Calix Company Profile

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.