Thompson Investment Management Inc. Has $2.75 Million Stock Holdings in Calix, Inc $CALX

Thompson Investment Management Inc. decreased its stake in Calix, Inc (NYSE:CALX) by 35.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,840 shares of the communications equipment provider’s stock after selling 25,000 shares during the quarter. Thompson Investment Management Inc.’s holdings in Calix were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CALX. Trexquant Investment LP grew its stake in Calix by 151.2% in the first quarter. Trexquant Investment LP now owns 129,132 shares of the communications equipment provider’s stock valued at $4,576,000 after purchasing an additional 77,719 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Calix in the 1st quarter valued at approximately $1,896,000. Quarry LP grew its stake in shares of Calix by 1,704.0% in the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 1,278 shares in the last quarter. Royal Bank of Canada increased its holdings in Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 2,773 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Calix during the first quarter worth $812,000. Institutional investors own 98.14% of the company’s stock.

Insider Buying and Selling at Calix

In other Calix news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. This trade represents a 39.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 530,000 shares of company stock valued at $34,099,800 in the last ninety days. 16.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Rosenblatt Securities lifted their price objective 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. Roth Capital set a $85.00 target price on shares of Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. UBS Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Calix Stock Down 0.7%

Shares of CALX stock opened at $54.26 on Friday. The firm has a 50 day moving average price of $58.07 and a two-hundred day moving average price of $57.06. The company has a market capitalization of $3.60 billion, a PE ratio of -452.14 and a beta of 1.59. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22.

Calix (NYSE:CALX) last posted its 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 company had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, research analysts expect that Calix, Inc will post -0.43 EPS for the current year.

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.