HighTower Advisors LLC Has $6.13 Million Stock Holdings in Calix, Inc $CALX

HighTower Advisors LLC lifted its holdings in shares of Calix, Inc (NYSE:CALX) by 37.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 164,210 shares of the communications equipment provider’s stock after acquiring an additional 45,081 shares during the period. HighTower Advisors LLC’s holdings in Calix were worth $6,128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Calix during the 2nd quarter valued at about $1,641,000. California State Teachers Retirement System raised its position in Calix by 3,531.9% in the second quarter. California State Teachers Retirement System now owns 2,772,764 shares of the communications equipment provider’s stock worth $103,480,000 after purchasing an additional 2,696,420 shares in the last quarter. AXQ Capital LP lifted its stake in Calix by 353.7% during the second quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider’s stock worth $1,412,000 after purchasing an additional 29,490 shares during the period. Nykredit A S bought a new position in Calix during the second quarter worth about $105,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Calix by 12.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 45,318 shares of the communications equipment provider’s stock worth $1,691,000 after purchasing an additional 4,945 shares during the period. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CALX. JPMorgan Chase & Co. decreased their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Finally, Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Calix Price Performance

NYSE CALX opened at $34.87 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of 47.11 and a beta of 1.25. Calix, Inc has a one year low of $33.95 and a one year high of $71.22. The stock’s 50 day simple moving average is $38.04 and its 200 day simple moving average is $42.29.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same period last year, the firm posted $0.33 EPS. The business’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. As a group, equities analysts expect that Calix, Inc will post 0.89 earnings per share for the current 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 directly owned 1,569,188 shares in the company, valued at approximately $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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.