UBS Group AG Sells 448,720 Shares of Calix, Inc $CALX

UBS Group AG cut its stake in shares of Calix, Inc (NYSE:CALX) by 55.5% in the 4th quarter, HoldingsChannel reports. The fund owned 359,100 shares of the communications equipment provider’s stock after selling 448,720 shares during the quarter. UBS Group AG’s holdings in Calix were worth $19,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CALX. Royal Bank of Canada grew its holdings in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after acquiring an additional 2,773 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after buying an additional 16,905 shares during the period. Intech Investment Management LLC raised its stake in Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after buying an additional 6,962 shares in the last quarter. Finally, Amundi raised its stake in Calix by 16,478.0% in the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after buying an additional 9,722 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CALX has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Calix in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Northland Securities lowered Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a research report on Wednesday, April 22nd. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Trading Down 1.3%

Shares of NYSE:CALX opened at $42.69 on Tuesday. The stock has a fifty day simple moving average of $48.60 and a two-hundred day simple moving average of $53.23. Calix, Inc has a 12-month low of $40.75 and a 12-month high of $71.22. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 88.94 and a beta of 1.27.

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

Calix declared that its board has authorized a stock buyback program on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Calix Profile

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.