Legal & General Group Plc Purchases Shares of 139,848 Calix, Inc $CALX

Posted by Brian Himes on Sep 4th, 2026

Legal & General Group Plc bought a new stake in Calix, Inc (NYSE:CALX – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 139,848 shares of the communications equipment provider’s stock, valued at approximately $5,219,000. Legal & General Group Plc owned about 0.22% of Calix at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Calix by 27.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after buying an additional 265 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Calix by 3.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock valued at $466,000 after buying an additional 270 shares during the last quarter. Vident Advisory LLC lifted its position in Calix by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after buying an additional 287 shares in the last quarter. Finally, Strs Ohio grew its holdings in Calix by 1.5% during the 1st quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after acquiring an additional 300 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 75,000 shares of Calix 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 sale, the director owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CALX shares. Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.86.

Check Out Our Latest Stock Report on CALX

Calix Price Performance

NYSE:CALX opened at $37.17 on Friday. The business’s 50-day simple moving average is $38.19 and its 200-day simple moving average is $42.94. Calix, Inc has a fifty-two week low of $34.26 and a fifty-two week high of $71.22. The stock has a market capitalization of $2.34 billion, a PE ratio of 50.23 and a beta of 1.25.

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

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.