Sei Investments Co. Purchases 52,784 Shares of Calix, Inc $CALX

Sei Investments Co. grew its position in Calix, Inc (NYSE:CALX) by 24.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 269,320 shares of the communications equipment provider’s stock after buying an additional 52,784 shares during the period. Sei Investments Co.’s holdings in Calix were worth $13,194,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CALX. Cetera Investment Advisers increased its position in shares of Calix by 11.0% during the first quarter. Cetera Investment Advisers now owns 9,738 shares of the communications equipment provider’s stock valued at $477,000 after acquiring an additional 968 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Calix by 25.1% in the first quarter. PNC Financial Services Group Inc. now owns 13,400 shares of the communications equipment provider’s stock worth $656,000 after purchasing an additional 2,690 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Calix during the first quarter valued at $977,000. Dimensional Fund Advisors LP lifted its holdings in shares of Calix by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after purchasing an additional 269,876 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Calix by 1.8% during the first quarter. Swiss National Bank now owns 124,500 shares of the communications equipment provider’s stock valued at $6,099,000 after buying an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Price Performance

Shares of CALX stock opened at $35.28 on Friday. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The firm has a fifty day moving average price of $38.04 and a 200-day moving average price of $45.53. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 47.67 and a beta of 1.23.

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

Calix announced that its board has approved a share repurchase program on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other 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 transaction of $2,715,000.00. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CALX has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Finally, Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.86.

About Calix

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.