Bank of New York Mellon Corp Buys 6,444 Shares of Callidus Software Inc. (CALD)

Bank of New York Mellon Corp increased its stake in Callidus Software Inc. (NASDAQ:CALD) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 414,443 shares of the technology company’s stock after buying an additional 6,444 shares during the period. Bank of New York Mellon Corp owned 0.61% of Callidus Software worth $10,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. purchased a new stake in Callidus Software during the 2nd quarter valued at $8,255,000. State Street Corp boosted its stake in shares of Callidus Software by 8.6% in the 2nd quarter. State Street Corp now owns 1,213,777 shares of the technology company’s stock worth $29,375,000 after buying an additional 96,462 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Callidus Software by 114.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 338,772 shares of the technology company’s stock worth $8,198,000 after buying an additional 180,897 shares during the last quarter. Swiss National Bank boosted its stake in shares of Callidus Software by 3.7% in the 3rd quarter. Swiss National Bank now owns 108,500 shares of the technology company’s stock worth $2,675,000 after buying an additional 3,900 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Callidus Software in the 3rd quarter worth $841,000. Institutional investors own 92.11% of the company’s stock.

In related 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 value of $173,662.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the transaction, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on CALD shares. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Callidus Software from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research note on Tuesday, November 7th. B. Riley restated a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a research note on Friday, September 22nd. Finally, Oppenheimer restated a “buy” rating and issued a $30.00 price target on shares of Callidus Software in a research note on Monday, September 18th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Callidus Software has an average rating of “Buy” and an average price target of $30.20.

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

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Callidus Software Company 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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