Nationwide Fund Advisors reduced its stake in shares of Callidus Software, Inc. (NASDAQ:CALD) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 36,113 shares of the technology company’s stock after selling 1,956 shares during the period. Nationwide Fund Advisors’ holdings in Callidus Software were worth $771,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Callidus Software by 31.6% in the fourth quarter. FMR LLC now owns 5,192,388 shares of the technology company’s stock valued at $87,233,000 after buying an additional 1,246,521 shares in the last quarter. Janus Capital Management LLC raised its stake in Callidus Software by 24.8% in the fourth quarter. Janus Capital Management LLC now owns 2,687,462 shares of the technology company’s stock valued at $45,149,000 after buying an additional 533,323 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Callidus Software by 280.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 475,000 shares of the technology company’s stock valued at $7,980,000 after buying an additional 350,000 shares in the last quarter. Macquarie Group Ltd. raised its stake in Callidus Software by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,277,865 shares of the technology company’s stock valued at $21,468,000 after buying an additional 242,998 shares in the last quarter. Finally, State Street Corp raised its stake in Callidus Software by 7.1% in the fourth quarter. State Street Corp now owns 1,101,937 shares of the technology company’s stock valued at $18,511,000 after buying an additional 73,275 shares in the last quarter. Institutional investors own 99.93% of the company’s stock.

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

Shares of Callidus Software, Inc. (CALD) opened at 22.35 on Tuesday. Callidus Software, Inc. has a 52-week low of $15.15 and a 52-week high of $24.10. The firm’s market cap is $1.45 billion. The company has a 50-day moving average of $21.91 and a 200 day moving average of $19.64.

COPYRIGHT VIOLATION WARNING: “Nationwide Fund Advisors Has $771,000 Position in Callidus Software, Inc. (CALD)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/06/20/nationwide-fund-advisors-has-771000-position-in-callidus-software-inc-cald.html.

Several analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of Callidus Software in a research report on Wednesday, April 12th. Dougherty & Co raised shares of Callidus Software from a “sell” rating to a “neutral” rating in a research report on Monday, May 8th. ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and issued a $24.50 price target on shares of Callidus Software in a research report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Callidus Software has an average rating of “Buy” and an average price target of $22.50.

In other news, insider Leslie Stretch sold 50,717 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $23.12, for a total value of $1,172,577.04. Following the sale, the insider now directly owns 496,128 shares of the company’s stock, valued at $11,470,479.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jimmy C. Duan sold 15,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $21.29, for a total value of $319,350.00. Following the completion of the sale, the executive vice president now directly owns 344,260 shares in the company, valued at $7,329,295.40. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding CALD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Callidus Software, Inc. (NASDAQ:CALD).

Receive News & Ratings for Callidus Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.