Hsbc Holdings PLC Invests $1.41 Million in Calix, Inc $CALX

Hsbc Holdings PLC acquired a new stake in shares of Calix, Inc (NYSE:CALX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,295 shares of the communications equipment provider’s stock, valued at approximately $1,412,000.

A number of other large investors have also recently made changes to their positions in the stock. 4D Advisors LLC purchased a new position in Calix in the 4th quarter worth $6,087,000. GSA Capital Partners LLP lifted its position in Calix by 167.0% during the 4th quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock worth $2,851,000 after acquiring an additional 33,691 shares during the period. California State Teachers Retirement System grew its stake in Calix by 32.6% during the 1st quarter. California State Teachers Retirement System now owns 76,344 shares of the communications equipment provider’s stock valued at $3,740,000 after purchasing an additional 18,755 shares during the last quarter. Geode Capital Management LLC grew its stake in Calix by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after purchasing an additional 74,235 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Calix by 63.3% in the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock valued at $36,748,000 after purchasing an additional 290,661 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Rosenblatt Securities reduced their price objective on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the sale, the director directly owned 1,569,188 shares in the company, valued at $56,804,605.60. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Calix Price Performance

CALX opened at $38.11 on Tuesday. The firm has a fifty day moving average price of $38.10 and a 200 day moving average price of $43.26. Calix, Inc has a 1 year low of $34.26 and a 1 year high of $71.22. The stock has a market cap of $2.40 billion, a P/E ratio of 51.50 and a beta of 1.24.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same quarter last year, the business earned $0.33 earnings per share. The firm’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. Equities analysts expect that Calix, Inc will post 0.89 EPS for the current year.

Calix 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.