VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 43,983 Calix, Inc $CALX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 43,983 shares of the communications equipment provider’s stock, valued at approximately $1,641,000.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Calix by 3.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after buying an additional 270 shares in the last quarter. Vident Advisory LLC boosted its holdings in Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after buying an additional 287 shares in the last quarter. Strs Ohio grew its position in Calix by 1.5% in the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after buying an additional 300 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Calix by 3.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,800 shares of the communications equipment provider’s stock worth $730,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CALX shares. Rosenblatt Securities cut their price objective on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Finally, Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix Price Performance

CALX stock opened at $35.15 on Friday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 47.49 and a beta of 1.25. Calix, Inc has a 52-week low of $33.95 and a 52-week high of $71.22. The company’s 50 day simple moving average is $37.97 and its 200-day simple moving average is $42.24.

Calix (NYSE:CALX) last posted its quarterly earnings data 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. Calix had a net margin of 4.61% and a return on equity of 6.17%. The firm had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Sell-side analysts predict that Calix, Inc will post 0.89 EPS for the current fiscal year.

Insider Activity at Calix

In other news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction on 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 sale, the director owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

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.