Frontier Capital Management Co. LLC lowered its holdings in shares of Callidus Software, Inc. (NASDAQ:CALD) by 31.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 609,221 shares of the technology company’s stock after selling 276,521 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.90% of Callidus Software worth $15,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Callidus Software by 5.8% during the second quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock valued at $97,652,000 after acquiring an additional 220,174 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Callidus Software in the second quarter valued at approximately $84,553,000. Capital World Investors increased its holdings in shares of Callidus Software by 94.7% in the second quarter. Capital World Investors now owns 3,310,000 shares of the technology company’s stock valued at $80,102,000 after purchasing an additional 1,610,000 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Callidus Software by 4.7% in the second quarter. Wasatch Advisors Inc. now owns 3,242,822 shares of the technology company’s stock valued at $78,476,000 after purchasing an additional 144,840 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Callidus Software by 4.2% in the second quarter. Vanguard Group Inc. now owns 2,865,837 shares of the technology company’s stock valued at $69,354,000 after purchasing an additional 115,098 shares during the last quarter. Institutional investors own 94.42% of the company’s stock.

Callidus Software, Inc. (NASDAQ CALD) opened at $27.95 on Wednesday. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $29.70.

In related news, insider Leslie Stretch sold 37,187 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.30, for a total transaction of $903,644.10. Following the transaction, the insider now directly owns 349,145 shares of the company’s stock, valued at approximately $8,484,223.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Roxanne Oulman sold 5,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $23.89, for a total value of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares in the company, valued at $3,803,311.89. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by corporate insiders.

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Several equities research analysts have issued reports on the company. B. Riley reissued a “buy” rating and set a $28.00 target price on shares of Callidus Software in a research note on Wednesday, September 27th. ValuEngine raised Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC raised their target price on Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group raised their target price on Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.29.

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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