Calix, Inc $CALX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in Calix, Inc (NYSE:CALX) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 519,153 shares of the communications equipment provider’s stock after selling 15,364 shares during the quarter. Wellington Management Group LLP owned 0.82% of Calix worth $19,375,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after acquiring an additional 2,773 shares in the last quarter. AQR Capital Management LLC lifted its stake in Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after purchasing an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock worth $6,249,000 after buying an additional 16,905 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi boosted its holdings in Calix by 16,478.0% in the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after purchasing an additional 9,722 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Calix

In other news, Director Carl Russo sold 75,000 shares of the stock in a transaction dated Monday, July 27th. The shares were 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 owned 1,569,188 shares in the company, valued at $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Calix Price Performance

Shares of NYSE CALX opened at $36.02 on Monday. The company has a market cap of $2.27 billion, a PE ratio of 48.68 and a beta of 1.25. The stock has a fifty day moving average price of $38.20 and a 200 day moving average price of $42.82. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (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 business had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s 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. Analysts anticipate that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CALX shares. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Rosenblatt Securities decreased their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their target price 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. Finally, Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company 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. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus target price of $63.86.

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.