Swiss National Bank Grows Holdings in Callidus Software, Inc. (CALD)

Swiss National Bank boosted its holdings in Callidus Software, Inc. (NASDAQ:CALD) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,500 shares of the technology company’s stock after purchasing an additional 3,900 shares during the quarter. Swiss National Bank owned approximately 160,408.04% of Callidus Software worth $2,675,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CALD. JPMorgan Chase & Co. boosted its holdings in Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Callidus Software by 17.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after purchasing an additional 858 shares during the period. US Bancorp DE boosted its holdings in Callidus Software by 3.5% in 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 period. BNP Paribas Arbitrage SA boosted its holdings in Callidus Software by 1,877.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after purchasing an additional 6,703 shares during the period. Finally, Amalgamated Bank acquired a new position in Callidus Software in the second quarter worth $200,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Callidus Software, Inc. (NASDAQ:CALD) opened at $29.50 on Friday. Callidus Software, Inc. has a one year low of $15.15 and a one year high of $30.25.

A number of research firms have commented on CALD. First Analysis began coverage on shares of Callidus Software in a report on Friday, November 17th. They issued an “equal weight” rating and a $32.00 price objective for the company. Jefferies Group LLC lifted their price objective on shares of Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group lifted their price objective on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Callidus Software from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, November 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Callidus Software in a report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Callidus Software currently has a consensus rating of “Buy” and an average price target of $29.00.

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

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About Callidus Software

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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