Louisiana State Employees Retirement System Acquires New Stake in Calix, Inc $CALX

Louisiana State Employees Retirement System bought a new stake in Calix, Inc (NYSE:CALX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,700 shares of the communications equipment provider’s stock, valued at approximately $1,308,000.

Other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in Calix in the fourth quarter worth about $57,915,000. Arrowstreet Capital Limited Partnership increased its position in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Calix by 67.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after purchasing an additional 461,196 shares during the period. Divisadero Street Capital Management LP lifted its stake in shares of Calix by 756.0% in the 3rd quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock worth $27,854,000 after purchasing an additional 400,851 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Calix in the fourth quarter worth approximately $19,856,000. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the subject of several recent research reports. Roth Mkm restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Needham & Company LLC decreased their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a research note on Wednesday, June 10th. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold 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 price target of $67.00.

Calix Stock Performance

Shares of CALX stock opened at $38.55 on Friday. The stock has a fifty day simple moving average of $39.55 and a two-hundred day simple moving average of $47.70. The firm has a market capitalization of $2.46 billion, a PE ratio of 80.32 and a beta of 1.23. Calix, Inc has a 52-week low of $34.86 and a 52-week high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, sell-side analysts forecast that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Calix Company 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.