Quantbot Technologies LP Invests $1.10 Million in Calix, Inc $CALX

Quantbot Technologies LP purchased a new position in shares of Calix, Inc (NYSE:CALX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 29,515 shares of the communications equipment provider’s stock, valued at approximately $1,102,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Calix by 63.0% in 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 period. Smartleaf Asset Management LLC boosted its stake in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after buying an additional 265 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Calix by 3.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock valued at $466,000 after acquiring an additional 270 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Calix by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after acquiring an additional 287 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Calix by 1.5% in the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after acquiring an additional 300 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Up 0.2%

Calix stock opened at $39.88 on Wednesday. Calix, Inc has a 1-year low of $34.26 and a 1-year high of $71.22. The firm’s fifty day simple moving average is $38.09 and its 200-day simple moving average is $43.70. The company has a market capitalization of $2.51 billion, a P/E ratio of 53.89 and a beta of 1.24.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. Calix’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities research analysts predict that Calix, Inc will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction dated 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 owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of research reports. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price target on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.86.

About Calix

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.