Callidus Software Inc. (CALD) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Callidus Software Inc. (NASDAQ:CALD) by 9.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 103,239 shares of the technology company’s stock after selling 10,995 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Callidus Software worth $2,545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Callidus Software by 14.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 315,220 shares of the technology company’s stock valued at $7,771,000 after buying an additional 38,743 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Callidus Software by 9.3% during the third quarter. Wells Fargo & Company MN now owns 60,796 shares of the technology company’s stock valued at $1,498,000 after buying an additional 5,188 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Callidus Software during the third quarter valued at about $204,000. Legal & General Group Plc raised its position in shares of Callidus Software by 116.7% during the third quarter. Legal & General Group Plc now owns 33,587 shares of the technology company’s stock valued at $828,000 after buying an additional 18,091 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Callidus Software by 2.1% during the third quarter. Eagle Asset Management Inc. now owns 345,747 shares of the technology company’s stock valued at $8,678,000 after buying an additional 6,975 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Callidus Software Inc. (NASDAQ CALD) opened at $30.25 on Friday. Callidus Software Inc. has a 52-week low of $16.85 and a 52-week high of $30.60. The stock has a market cap of $2,060.00, a PE ratio of -86.43 and a beta of 0.84.

CALD has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $30.00 price objective on shares of Callidus Software in a research report on Monday, September 18th. B. Riley reissued a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a research report on Friday, September 22nd. Zacks Investment Research lowered shares of Callidus Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a research report on Wednesday, November 1st. Finally, Credit Suisse Group increased their price target on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research 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 assigned a strong buy rating to the company. Callidus Software presently has a consensus rating of “Buy” and an average target price of $30.20.

In related news, EVP Jimmy C. Duan sold 15,000 shares of the stock in a transaction dated Monday, November 6th. The shares were 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 owns 300,075 shares of the company’s stock, valued at $8,777,193.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leslie Stretch sold 15,354 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $28.33, for a total transaction of $434,978.82. The disclosure for this sale can be found here. Insiders sold 36,554 shares of company stock valued at $1,047,391 in the last three months. 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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