Intech Investment Management LLC Has $5.35 Million Stock Holdings in Calix, Inc $CALX

Intech Investment Management LLC grew its position in shares of Calix, Inc (NYSE:CALX) by 129.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 101,074 shares of the communications equipment provider’s stock after purchasing an additional 57,065 shares during the period. Intech Investment Management LLC’s holdings in Calix were worth $5,350,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. LVW Advisors LLC boosted its stake in shares of Calix by 2.0% during the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 188 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares in the last quarter. Finally, Marathon Capital Management boosted its stake in shares of Calix by 0.5% during the fourth quarter. Marathon Capital Management now owns 80,585 shares of the communications equipment provider’s stock valued at $4,265,000 after purchasing an additional 385 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on CALX shares. Needham & Company LLC cut their price target on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Northland Securities lowered Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, April 22nd. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Calix in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix announced that Nex-Tech is expanding its long-running partnership and will use Calix’s AI-native Calix One platform and Agent Workforce Cloud to support growth in residential, business, and MDU markets. Article Title
• Neutral Sentiment: Multiple plaintiff firms, including Rosen Law Firm, Faruqi & Faruqi, and others, issued reminders about lead-plaintiff deadlines and encouraged investors to contact them regarding the already-filed class action against Calix. Article Title
• Negative Sentiment: A shareholder class action has been filed alleging Calix and certain officers made false or misleading statements about business prospects and margin pressure, which could create legal costs, management distraction, and potential financial liability. Article Title
• Negative Sentiment: The core allegation is that Calix’s first-quarter margins benefited from advance purchases of memory components, while that stockpile later dwindled and forced the company to buy at higher market prices, raising concerns about future margin pressure. Article Title

Calix Price Performance

Calix stock opened at $39.79 on Monday. The stock’s 50 day moving average is $45.35 and its 200 day moving average is $50.87. The firm has a market cap of $2.54 billion, a P/E ratio of 82.89 and a beta of 1.23. Calix, Inc has a one year low of $37.57 and a one year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities analysts anticipate that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has authorized a share buyback program on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

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.