Versor Investments LP Acquires New Position in Calix, Inc $CALX

Versor Investments LP bought a new position in Calix, Inc (NYSE:CALX) in the second quarter, Holdings Channel reports. The institutional investor bought 4,800 shares of the communications equipment provider’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Calix in the 1st quarter valued at $28,000. Signaturefd LLC boosted its stake in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock valued at $36,000 after acquiring an additional 480 shares in the last quarter. Quarry LP grew its position in shares of Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 1,278 shares during the last quarter. CWM LLC raised its stake in Calix by 112.6% during the 2nd quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock valued at $71,000 after acquiring an additional 707 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Calix by 119.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,472 shares of the communications equipment provider’s stock worth $78,000 after acquiring an additional 802 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Calix from $65.00 to $85.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Needham & Company LLC lifted their price objective on shares of Calix from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, UBS Group reiterated an “outperform” rating and issued a $75.00 price target 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Calix Trading Down 4.3%

Calix stock opened at $64.32 on Friday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -535.96 and a beta of 1.44. Calix, Inc has a 52 week low of $28.60 and a 52 week high of $71.22. The company’s 50-day moving average price is $61.50 and its two-hundred day moving average price is $53.97.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 0.70% and a negative net margin of 0.78%.The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Research analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Carl Russo sold 420,000 shares of Calix stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at $4,976,075. The trade was a 11.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 490,000 shares of company stock worth $31,434,800 over the last ninety days. 16.90% of the stock is currently owned by company insiders.

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.