Magnetar Financial LLC Invests $1.06 Million in Calix, Inc $CALX

Magnetar Financial LLC acquired a new stake in Calix, Inc (NYSE:CALX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,910 shares of the communications equipment provider’s stock, valued at approximately $1,059,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock valued at $284,065,000 after acquiring an additional 37,601 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Calix by 12.1% in the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after purchasing an additional 270,397 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Calix by 2.9% during the second quarter. Congress Asset Management Co. now owns 1,417,944 shares of the communications equipment provider’s stock worth $75,420,000 after purchasing an additional 39,447 shares during the period. Artisan Partners Limited Partnership increased its holdings in Calix by 14.5% in the second quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Calix by 26.3% in the first quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock valued at $36,584,000 after buying an additional 215,028 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CALX has been the subject of several analyst reports. Roth Capital set a $85.00 target price on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group reissued an “outperform” rating and set a $75.00 price objective on shares of Calix in a research note on Friday, October 31st. Needham & Company LLC upped their target price on shares of Calix from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Craig Hallum reiterated a “buy” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Finally, Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Calix Stock Performance

NYSE CALX opened at $53.82 on Monday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -448.44 and a beta of 1.44. The business has a 50 day simple moving average of $61.08 and a 200 day simple moving average of $55.64. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $71.22.

Calix (NYSE:CALX) last released 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 net margin of 0.78% and a negative return on equity of 0.70%. The company had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the completion of the transaction, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,999,041.50. This represents a 39.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Russo sold 420,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the sale, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 540,000 shares of company stock valued at $34,699,800. Company insiders own 16.90% of the company’s stock.

About Calix

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.