933,937 Shares in Calix, Inc $CALX Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Calix, Inc (NYSE:CALX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 933,937 shares of the communications equipment provider’s stock, valued at approximately $32,090,000.

Several other large investors have also made changes to their positions in CALX. BlackRock Inc. acquired a new position in shares of Calix during the 2nd quarter worth $439,461,000. Dimensional Fund Advisors LP boosted its stake in Calix by 28.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after buying an additional 269,876 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in Calix in the second quarter valued at about $37,213,000. Bank of America Corp DE boosted its stake in 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 buying an additional 290,661 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Calix by 17.2% in the first quarter. Renaissance Technologies LLC now owns 543,418 shares of the communications equipment provider’s stock valued at $26,622,000 after buying an additional 79,800 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Activity at Calix

In related news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction on 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 owned 1,569,188 shares of the company’s stock, 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 SEC, which is available 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.

Calix Price Performance

Shares of Calix stock opened at $37.11 on Friday. The company’s 50 day moving average price is $36.67 and its two-hundred day moving average price is $39.37. The firm has a market capitalization of $2.34 billion, a P/E ratio of 50.15 and a beta of 1.32. Calix, Inc has a fifty-two week low of $32.35 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, analysts expect that Calix, Inc will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased 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. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Rosenblatt Securities reduced their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.86.

About Calix

Calix, Inc (NYSE: CALX) provides cloud and software platforms, broadband access systems, and related services to communications service providers. Its solutions are designed to help providers deploy, manage, and monetize broadband networks while improving the subscriber experience across residential, business, and community markets.

The company’s offerings include the AXOS broadband access platform, Calix Cloud software, and a portfolio of hardware and subscriber-premises equipment. These products support fiber, fixed wireless, and other broadband networks and can provide capabilities such as network automation, analytics, Wi-Fi management, cybersecurity, and connected-home services.