Penserra Capital Management LLC Takes $13.60 Million Position in Calix, Inc $CALX

Penserra Capital Management LLC purchased a new position in shares of Calix, Inc (NYSE:CALX) during the second quarter, Holdings Channel.com reports. The fund purchased 255,685 shares of the communications equipment provider’s stock, valued at approximately $13,599,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SouthState Corp grew its stake in Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Calix in the first quarter valued at $28,000. Signaturefd LLC lifted its stake in Calix by 91.1% in the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 480 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Calix during the second quarter valued at $36,000. Finally, Quarry LP grew its position in shares of Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 1,278 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Calix stock opened at $64.02 on Friday. Calix, Inc has a 12-month low of $28.60 and a 12-month high of $71.22. The stock has a market capitalization of $4.24 billion, a PE ratio of -533.49 and a beta of 1.44. The firm has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $54.30.

Calix (NYSE:CALX) last released its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The firm had revenue of $265.44 million during the quarter, compared to the consensus estimate of $246.21 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter 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 forecast that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Carl Russo sold 420,000 shares of Calix stock in a transaction that occurred on 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 transaction, the director owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Cory Sindelar sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares in the company, valued at $4,976,075. The trade was a 11.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 490,000 shares of company stock valued at $31,434,800 over the last three months. Company insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Rosenblatt Securities boosted their price objective on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of Calix in a research report on Wednesday, October 8th. Finally, Roth Capital set a $85.00 target price on Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Calix 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.