G2 Investment Partners Management LLC Has $16.31 Million Position in Calix, Inc $CALX

G2 Investment Partners Management LLC raised its position in Calix, Inc (NYSE:CALX) by 20.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 306,622 shares of the communications equipment provider’s stock after acquiring an additional 52,628 shares during the period. Calix makes up about 3.6% of G2 Investment Partners Management LLC’s holdings, making the stock its 6th largest holding. G2 Investment Partners Management LLC’s holdings in Calix were worth $16,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. SouthState Corp increased its holdings in Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Calix during the second quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Calix during the second quarter valued at about $36,000. Quarry LP boosted its position in Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock worth $48,000 after purchasing an additional 1,278 shares during the period. Finally, CWM LLC increased its stake in shares of Calix by 112.6% in the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares in the company, valued at $108,580,508.92. This represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 530,000 shares of company stock worth $34,099,800 over the last ninety days. 16.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on CALX shares. Rosenblatt Securities boosted their price target on shares of Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Craig Hallum restated a “buy” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. UBS Group reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Calix in a report on Friday, October 31st. Finally, Roth Capital set a $85.00 price target on Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Calix Price Performance

NYSE CALX opened at $53.81 on Friday. Calix, Inc has a 1 year low of $28.60 and a 1 year high of $71.22. The stock has a market capitalization of $3.57 billion, a PE ratio of -448.34 and a beta of 1.59. The company’s 50 day simple moving average is $59.05 and its two-hundred day simple moving average is $56.50.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $265.44 million during the quarter, compared to analyst estimates of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, research analysts anticipate that Calix, Inc will post -0.43 EPS for the current 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.