Walleye Capital LLC Acquires Shares of 82,293 Calix, Inc $CALX

Walleye Capital LLC bought a new position in Calix, Inc (NYSE:CALX) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 82,293 shares of the communications equipment provider’s stock, valued at approximately $4,377,000. Walleye Capital LLC owned 0.13% of Calix as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Calix by 135.6% in the second quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after buying an additional 545,490 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Calix in the first quarter valued at $15,207,000. Loomis Sayles & Co. L P bought a new stake in shares of Calix in the 2nd quarter worth about $21,682,000. Penn Capital Management Company LLC purchased a new position in shares of Calix during the 1st quarter worth about $12,018,000. Finally, Westfield Capital Management Co. LP purchased a new stake in Calix in the 2nd quarter worth about $15,486,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Stock Up 0.9%

Shares of NYSE CALX opened at $54.14 on Friday. Calix, Inc has a twelve month low of $28.60 and a twelve month high of $71.22. The firm has a market cap of $3.59 billion, a PE ratio of -451.14 and a beta of 1.59. The business has a fifty day simple moving average of $59.61 and a two-hundred day simple moving average of $56.27.

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

Analysts Set New Price Targets

Several research analysts have issued reports on CALX shares. UBS Group restated an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Roth Capital set a $85.00 price target on Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a report on Monday, December 1st. Rosenblatt Securities increased their target price 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 reissued a “buy” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Buying and Selling at Calix

In related news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the company’s 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 76,555 shares of the company’s stock, valued at $4,999,041.50. This represents a 39.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 530,000 shares of company stock valued at $34,099,800. Company insiders own 16.90% of the company’s stock.

Calix Profile

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.