Loomis Sayles & Co. L P Acquires Shares of 407,634 Calix, Inc $CALX

Loomis Sayles & Co. L P bought a new position in shares of Calix, Inc (NYSE:CALX) during the second quarter, according to its most recent filing with the SEC. The fund bought 407,634 shares of the communications equipment provider’s stock, valued at approximately $21,682,000. Loomis Sayles & Co. L P owned 0.62% of Calix at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CALX. Hsbc Holdings PLC increased its stake in shares of Calix by 348.2% during the 2nd quarter. Hsbc Holdings PLC now owns 46,883 shares of the communications equipment provider’s stock worth $2,509,000 after purchasing an additional 36,423 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Calix by 9.4% during the second quarter. Russell Investments Group Ltd. now owns 117,378 shares of the communications equipment provider’s stock valued at $6,243,000 after purchasing an additional 10,065 shares during the period. Boston Partners purchased a new stake in Calix in the second quarter worth $911,000. North Star Asset Management Inc. increased its position in Calix by 1.2% in the second quarter. North Star Asset Management Inc. now owns 96,526 shares of the communications equipment provider’s stock worth $5,134,000 after buying an additional 1,179 shares during the last quarter. Finally, Summit Global Investments bought a new stake in shares of Calix in the second quarter valued at $308,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

CALX has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on Calix from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price objective on shares of Calix in a report on Monday, November 24th. Rosenblatt Securities increased their target price on shares of Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Craig Hallum reiterated a “buy” rating and issued a $75.00 target price on shares of Calix in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research report on Tuesday. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling

In other news, Director Carl Russo sold 420,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the transaction, the director directly owned 1,694,188 shares in the company, valued at $108,580,508.92. The trade was a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 530,000 shares of company stock valued at $34,099,800. Company insiders own 16.90% of the company’s stock.

Calix Stock Down 0.9%

Shares of NYSE CALX opened at $55.27 on Friday. The company has a market cap of $3.66 billion, a P/E ratio of -460.54 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 business has a 50-day simple moving average of $60.39 and a two-hundred day simple moving average of $55.97.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The firm had revenue of $265.44 million for the quarter, compared to analysts’ expectations of $246.21 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Equities research analysts anticipate that Calix, Inc will post -0.43 EPS for the current year.

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.