Enterprise Financial Services Corp Invests $234,000 in Calix, Inc $CALX

Enterprise Financial Services Corp acquired a new stake in Calix, Inc (NYSE:CALX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,400 shares of the communications equipment provider’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp raised its stake in shares of Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 500 shares during the period. Meeder Asset Management Inc. bought a new stake in Calix in the 1st quarter valued at about $28,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Calix during the second quarter valued at about $36,000. Quarry LP lifted its holdings in Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider’s stock valued at $48,000 after purchasing an additional 1,278 shares during the last quarter. Finally, CWM LLC boosted its position in Calix by 112.6% during the second quarter. CWM LLC now owns 1,335 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 707 shares during the period. 98.14% of the stock is owned by institutional investors.

Insider Activity at Calix

In other Calix news, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl Russo sold 420,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the transaction, the director directly owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 540,000 shares of company stock valued at $34,699,800 over the last three months. 16.90% of the stock is owned by corporate insiders.

Calix Price Performance

CALX opened at $53.82 on Friday. The firm has a market capitalization of $3.57 billion, a P/E ratio of -448.44 and a beta of 1.44. Calix, Inc has a one year low of $28.60 and a one year high of $71.22. The company has a fifty day moving average price of $61.08 and a 200-day moving average price of $55.55.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.10. The company had revenue of $265.44 million during the quarter, compared to analyst estimates of $246.21 million. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CALX. JPMorgan Chase & Co. upped their price target on shares of Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Needham & Company LLC boosted their target price on shares of Calix from $70.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Rosenblatt Securities increased their target price on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Roth Capital set a $85.00 price target on Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a research note on Wednesday. One equities research 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 given a Sell rating to the stock. According to MarketBeat, Calix 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.