Schwab Charles Investment Management Inc. increased its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,220 shares of the technology company’s stock after acquiring an additional 38,743 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.46% of Callidus Software worth $7,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CALD. JPMorgan Chase & Co. grew its position in Callidus Software by 10.4% in the 2nd 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 last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Callidus Software by 17.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock valued at $137,000 after acquiring an additional 858 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of 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 valued at $171,000 after acquiring an additional 6,703 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Callidus Software by 49.5% in the third quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock valued at $171,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Callidus Software in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 300,075 shares in the company, valued at approximately $8,777,193.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roxanne Oulman sold 6,200 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total transaction of $173,662.00. The disclosure for this sale can be found here. 1.61% of the stock is owned by corporate insiders.

CALD has been the subject of several recent analyst reports. Credit Suisse Group increased their price objective on shares of Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Jefferies Group increased their price objective on shares of Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price objective on shares of Callidus Software in a report on Wednesday, November 1st. BidaskClub cut shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, First Analysis initiated coverage on shares of Callidus Software in a research note on Friday, November 17th. They set an “equal weight” rating and a $32.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.20.

Shares of Callidus Software Inc. (CALD) opened at $29.00 on Thursday. The company has a market cap of $1,980.00, a P/E ratio of -82.86 and a beta of 0.84. Callidus Software Inc. has a 12-month low of $16.10 and a 12-month high of $30.60.

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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.

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

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