Calix, Inc $CALX Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in Calix, Inc (NYSE:CALX) by 1.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,954 shares of the communications equipment provider’s stock after selling 262 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Calix were worth $902,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CALX. GAMMA Investing LLC grew its holdings in shares of Calix by 4,397.2% in the 1st quarter. GAMMA Investing LLC now owns 23,745 shares of the communications equipment provider’s stock worth $842,000 after acquiring an additional 23,217 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Calix by 159.6% in the 1st quarter. SG Americas Securities LLC now owns 29,128 shares of the communications equipment provider’s stock worth $1,032,000 after acquiring an additional 17,907 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Calix by 17.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 33,759 shares of the communications equipment provider’s stock worth $1,196,000 after acquiring an additional 5,045 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Calix in the 1st quarter worth $922,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Calix by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider’s stock worth $10,438,000 after acquiring an additional 7,030 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Down 2.3%

Shares of Calix stock opened at $57.66 on Monday. The stock has a market cap of $3.77 billion, a PE ratio of -144.15 and a beta of 1.32. The business has a fifty day simple moving average of $59.77 and a 200-day simple moving average of $50.30. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $64.30.

Calix (NYSE:CALX) last issued its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.41. The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.Calix’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Analysts expect that Calix, Inc will post -0.43 EPS for the current fiscal year.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $2,545,000 in the last 90 days. Corporate insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the topic of a number of recent research reports. Roth Capital lifted their target price on Calix from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Needham & Company LLC lifted their target price on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.00.

Calix Company 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.