Oak Ridge Investments LLC purchased a new stake in shares of Callidus Software Inc. (NASDAQ:CALD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 378,798 shares of the technology company’s stock, valued at approximately $13,618,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of Callidus Software by 11.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,208,631 shares of the technology company’s stock valued at $63,277,000 after purchasing an additional 231,773 shares during the period. Bank of New York Mellon Corp grew its holdings in Callidus Software by 4.3% during the fourth quarter. Bank of New York Mellon Corp now owns 432,100 shares of the technology company’s stock worth $12,380,000 after acquiring an additional 17,657 shares during the period. Goldman Sachs Group Inc. grew its holdings in Callidus Software by 56.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 170,800 shares of the technology company’s stock worth $4,893,000 after acquiring an additional 61,927 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Callidus Software by 8.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 340,365 shares of the technology company’s stock worth $9,752,000 after acquiring an additional 25,145 shares during the period. Finally, Swiss National Bank grew its holdings in Callidus Software by 6.3% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the technology company’s stock worth $3,303,000 after acquiring an additional 6,800 shares during the period. 94.45% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. BidaskClub raised Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Friday, March 30th. Jefferies Group lowered Callidus Software from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Friday, February 9th. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.91.

Callidus Software opened at $36.00 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $2.39 billion, a P/E 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.

Callidus Software Profile

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.

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).

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

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