317,967 Shares in Calix, Inc $CALX Purchased by Man Group plc

Man Group plc bought a new position in shares of Calix, Inc (NYSE:CALX) during the second quarter, Holdings Channel reports. The fund bought 317,967 shares of the communications equipment provider’s stock, valued at approximately $11,867,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Calix in the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new position in Calix in the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its holdings in Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after acquiring an additional 742 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in Calix in the fourth quarter worth approximately $40,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

NYSE:CALX opened at $37.63 on Friday. Calix, Inc has a fifty-two week low of $34.26 and a fifty-two week high of $71.22. The company has a 50 day moving average price of $38.10 and a 200 day moving average price of $43.50. The stock has a market capitalization of $2.37 billion, a P/E ratio of 50.85 and a beta of 1.24.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts forecast that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CALX. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Rosenblatt Securities lowered their price target on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.86.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the transaction, the director directly owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. The trade was a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

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.