Deutsche Bank AG Acquires 112,862 Shares of Callidus Software Inc. (CALD)

Deutsche Bank AG raised its holdings in shares of Callidus Software Inc. (NASDAQ:CALD) by 138.8% in the 4th quarter, Holdings Channel reports. The firm owned 194,192 shares of the technology company’s stock after purchasing an additional 112,862 shares during the quarter. Deutsche Bank AG’s holdings in Callidus Software were worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in CALD. Monarch Partners Asset Management LLC bought a new position in shares of Callidus Software during the fourth quarter worth about $10,762,000. BlackRock Inc. grew its position in shares of Callidus Software by 4.8% during the fourth quarter. BlackRock Inc. now owns 4,425,324 shares of the technology company’s stock worth $126,785,000 after acquiring an additional 204,360 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Callidus Software by 28.5% during the third quarter. Ameriprise Financial Inc. now owns 592,574 shares of the technology company’s stock worth $14,593,000 after acquiring an additional 131,538 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Callidus Software by 2.2% during the third quarter. Janus Henderson Group PLC now owns 3,569,127 shares of the technology company’s stock worth $87,979,000 after acquiring an additional 75,187 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Callidus Software by 18.4% during the fourth quarter. American Century Companies Inc. now owns 407,101 shares of the technology company’s stock worth $11,663,000 after acquiring an additional 63,123 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Several equities analysts have recently commented on the stock. Roth Capital lowered shares of Callidus Software from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Tuesday, January 30th. B. Riley lowered shares of Callidus Software from a “buy” rating to a “neutral” rating and upped their price target for the stock from $28.00 to $36.00 in a research report on Wednesday, January 31st. Dougherty & Co lowered shares of Callidus Software from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Craig Hallum lowered shares of Callidus Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, National Securities lowered shares of Callidus Software from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Tuesday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.91.



CALD stock opened at $36.00 on Thursday. The stock has a market capitalization of $2,392.57, a P/E ratio of -189.47 and a beta of 1.15. Callidus Software Inc. has a fifty-two week low of $19.25 and a fifty-two week high of $36.25.

Callidus Software (NASDAQ:CALD) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $69.51 million during the quarter, compared to the consensus estimate of $65.54 million. Callidus Software had a negative net margin of 8.01% and a negative return on equity of 4.16%. analysts forecast that Callidus Software Inc. will post -0.03 EPS for the current fiscal year.

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About Callidus Software

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.

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

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