Callidus Software Inc. (CALD) Stake Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in Callidus Software Inc. (NASDAQ:CALD) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,895 shares of the technology company’s stock after selling 32,076 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.43% of Callidus Software worth $7,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its holdings in Callidus Software by 3.5% during the second quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock worth $168,000 after purchasing an additional 236 shares during the last quarter. Sei Investments Co. raised its holdings in Callidus Software by 41.8% during the second quarter. Sei Investments Co. now owns 15,598 shares of the technology company’s stock worth $378,000 after purchasing an additional 4,595 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Callidus Software by 4.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 276,477 shares of the technology company’s stock worth $6,691,000 after purchasing an additional 11,564 shares during the last quarter. First Trust Advisors LP acquired a new position in Callidus Software during the second quarter worth $1,045,000. Finally, Rhumbline Advisers raised its holdings in Callidus Software by 6.5% during the second quarter. Rhumbline Advisers now owns 73,501 shares of the technology company’s stock worth $1,779,000 after purchasing an additional 4,470 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Callidus Software Inc. (CALD) opened at $29.00 on Friday. The firm has a market capitalization of $1,980.00, a price-to-earnings ratio of -82.86 and a beta of 0.84. Callidus Software Inc. has a 1 year low of $16.10 and a 1 year high of $30.60.

Several brokerages recently issued reports on CALD. First Analysis began coverage on Callidus Software in a report on Friday, November 17th. They set an “equal weight” rating and a $32.00 price objective for the company. Dougherty & Co reaffirmed a “buy” rating and set a $35.00 price objective on shares of Callidus Software in a report on Tuesday. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Jefferies Group lifted their price objective on Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group lifted their price objective on Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.20.

In other Callidus Software news, CFO Roxanne Oulman sold 6,200 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total transaction of $173,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the transaction, the executive vice president now directly owns 300,075 shares of the company’s stock, valued at approximately $8,777,193.75. The disclosure for this sale can be found here. Company insiders own 1.61% of the company’s stock.

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Callidus Software Profile

Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback, among others.

Institutional Ownership by Quarter for Callidus Software (NASDAQ:CALD)

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