Northwestern Mutual Wealth Management Co. Purchases 350,063 Shares of Calix, Inc $CALX

Northwestern Mutual Wealth Management Co. boosted its position in shares of Calix, Inc (NYSE:CALX) by 397,798.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 350,151 shares of the communications equipment provider’s stock after acquiring an additional 350,063 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Calix were worth $18,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its holdings in Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 213 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Calix during the 2nd quarter valued at $30,000. Whittier Trust Co. raised its holdings in Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 541 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 365 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Performance

Shares of CALX stock opened at $39.73 on Wednesday. Calix, Inc has a one year low of $39.32 and a one year high of $71.22. The company’s 50-day moving average is $47.15 and its 200 day moving average is $52.36. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 82.76 and a beta of 1.27.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. During the same period in the prior year, the firm posted $0.19 EPS. Calix’s revenue for the quarter was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, research analysts predict that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Calix declared that its board has initiated a stock buyback plan on Wednesday, January 28th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of recent analyst reports. Craig Hallum set a $60.00 price target on shares of Calix in a report on Friday, January 30th. Zacks Research upgraded shares of Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Calix in a report on Wednesday, April 22nd. Finally, Roth Mkm restated a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

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.