California Public Employees Retirement System raised its position in Callidus Software Inc. (NASDAQ:CALD) by 46.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 106,394 shares of the technology company’s stock after purchasing an additional 33,715 shares during the period. California Public Employees Retirement System’s holdings in Callidus Software were worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of CALD. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Callidus Software by 95.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the technology company’s stock worth $171,000 after purchasing an additional 2,322 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of Callidus Software during the 4th quarter worth $162,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Callidus Software during the 4th quarter worth $206,000. Allianz Asset Management GmbH acquired a new stake in shares of Callidus Software during the 4th quarter worth $295,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Callidus Software during the 4th quarter worth $372,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Friday, March 30th. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Callidus Software presently has a consensus rating of “Hold” and a consensus target price of $32.91.
CALD opened at $36.00 on Friday. The firm has a market cap of $2.39 billion, a PE ratio of -189.47 and a beta of 1.15. Callidus Software Inc. has a 52-week low of $19.25 and a 52-week high of $36.25.
About Callidus Software
Callidus Software Inc provides cloud-based sales, marketing, learning, and customer experience solutions worldwide. The company enables its customers to sell Lead to Money suite of solutions that identify leads, train personnel, implement territory and quota plans, enable sales forces, automate configuration pricing and quoting, manage contracts, streamline sales compensation, capture customer feedback, and provide predictive analytics for competitive advantage.
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