Macquarie Group Ltd. raised its stake in shares of Callidus Software Inc. (NASDAQ:CALD) by 27.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,870 shares of the company’s stock after buying an additional 198,050 shares during the period. Macquarie Group Ltd. owned 1.61% of Callidus Software worth $18,379,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Royal Bank of Canada increased its position in Callidus Software by 0.5% in the second quarter. Royal Bank of Canada now owns 33,831 shares of the company’s stock valued at $676,000 after buying an additional 181 shares during the period. Public Employees Retirement System of Ohio increased its position in Callidus Software by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 439,296 shares of the company’s stock valued at $8,777,000 after buying an additional 12,493 shares during the period. Schwab Charles Investment Management Inc. increased its position in Callidus Software by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 195,469 shares of the company’s stock valued at $3,906,000 after buying an additional 3,312 shares during the period. Barclays PLC purchased a new position in Callidus Software during the second quarter valued at $729,000. Finally, Ranger Investment Management L.P. increased its position in Callidus Software by 19.9% in the second quarter. Ranger Investment Management L.P. now owns 1,390,633 shares of the company’s stock valued at $27,785,000 after buying an additional 231,232 shares during the period. 90.37% of the stock is currently owned by institutional investors.

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

Callidus Software Inc. (NASDAQ:CALD) remained flat at $16.65 during midday trading on Friday. 89,008 shares of the company’s stock were exchanged. Callidus Software Inc. has a 12-month low of $11.48 and a 12-month high of $21.64. The stock’s market capitalization is $1.06 billion. The company has a 50-day moving average of $17.39 and a 200 day moving average of $18.73.

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CALD has been the topic of several research reports. Dougherty & Co downgraded Callidus Software from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Monday, September 19th. Zacks Investment Research downgraded Callidus Software from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Credit Suisse Group AG restated an “outperform” rating and issued a $22.00 target price on shares of Callidus Software in a research report on Monday, September 19th. Piper Jaffray Cos. restated an “overweight” rating on shares of Callidus Software in a research report on Thursday, August 4th. Finally, B. Riley reiterated a “buy” rating and set a $21.00 price objective on shares of Callidus Software in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Callidus Software currently has a consensus rating of “Buy” and a consensus price target of $21.33.

In related news, insider Leslie Stretch sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $16.77, for a total value of $117,390.00. Following the sale, the insider now owns 449,419 shares in the company, valued at approximately $7,536,756.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.23% of the company’s stock.

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.

5 Day Chart for NASDAQ:CALD

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