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Calix sees high institutional investment with BlackRock as leading shareholder

EditorNikhilesh Pawar
Published 21/11/2023, 20:02
© Reuters.
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Institutional investors have a significant presence in Calix, Inc. (NYSE:CALX), with an 84% stake in the telecommunications company, highlighting the potential for substantial influence over corporate decisions and stock performance. BlackRock (NYSE:BLK), Inc., the world's largest asset manager, leads this group with a 13% share. The top 15 shareholders collectively control half of the company's equity, yet no single institution has a majority hold.

Insiders of Calix also have a notable investment in the company, holding shares valued at $52 million. This considerable inside ownership aligns their interests closely with those of external shareholders and may affect boardroom dynamics and company strategies. Meanwhile, the general public holds a 13% stake in Calix, ensuring that individual investors maintain some level of impact on the company's governance.

With such a prominent role played by institutional investors and insiders, understanding their investment decisions is essential for grasping Calix's market dynamics. Moreover, analysts offer projections for Calix that underscore the importance of earnings history in evaluating the company's performance and future prospects. These insights are made available through reports aimed at providing investors with a comprehensive view of the company's financial health.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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