GSA Capital Partners LLP Makes New $549,000 Investment in Calix, Inc $CALX

GSA Capital Partners LLP acquired a new stake in Calix, Inc (NYSE:CALX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,720 shares of the communications equipment provider’s stock, valued at approximately $549,000.

Several other large investors also recently modified their holdings of the stock. Summit Global Investments acquired a new stake in shares of Calix during the 2nd quarter worth about $609,000. Handelsbanken Fonder AB grew its stake in Calix by 8.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 22,900 shares of the communications equipment provider’s stock valued at $855,000 after buying an additional 1,800 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Calix in the 2nd quarter valued at about $31,000. Pacer Advisors Inc. raised its holdings in Calix by 26.6% in the 1st quarter. Pacer Advisors Inc. now owns 8,255 shares of the communications equipment provider’s stock valued at $404,000 after acquiring an additional 1,735 shares during the period. Finally, Bank of America Corp DE raised its holdings in Calix by 63.3% in the 1st quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock valued at $36,748,000 after acquiring an additional 290,661 shares during the period. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Needham & Company LLC reduced their price target on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Insider Activity

In related news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the sale, the director directly owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Stock Performance

NYSE:CALX opened at $40.52 on Friday. Calix, Inc has a 52 week low of $34.26 and a 52 week high of $71.22. The firm’s 50-day simple moving average is $37.99 and its 200 day simple moving average is $43.88. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 54.76 and a beta of 1.24.

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

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.