First Trust Advisors LP Has $2.78 Million Position in Calix, Inc $CALX

Posted by Brenda Bartman on Aug 7th, 2026

First Trust Advisors LP cut its holdings in Calix, Inc (NYSE:CALX – Free Report) by 38.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,717 shares of the communications equipment provider’s stock after selling 35,523 shares during the quarter. First Trust Advisors LP owned about 0.09% of Calix worth $2,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Calix by 1.0% in the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after purchasing an additional 23,022 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Calix by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after buying an additional 74,235 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after buying an additional 61,247 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Calix by 214.3% in 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 acquiring an additional 868,987 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Calix by 28.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after acquiring an additional 269,876 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

CALX has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Needham & Company LLC cut their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Roth Capital reiterated a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.86.

Read Our Latest Stock Analysis on Calix

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 75,000 shares of the company’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 transaction of $2,715,000.00. Following the completion of the transaction, the director owned 1,569,188 shares of the company’s stock, valued at $56,804,605.60. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Calix Stock Performance

Shares of CALX stock opened at $37.55 on Friday. Calix, Inc has a 52 week low of $34.26 and a 52 week high of $71.22. The company’s 50 day moving average price is $37.81 and its two-hundred day moving average price is $44.89. The company has a market capitalization of $2.36 billion, a P/E ratio of 50.74 and a beta of 1.24.

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

Calix declared that its board has authorized a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Calix Company Profile

(Free Report)

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.