Todays Report: The First Trust Advisors LP Invests $801,000 in Callidus Software Inc. (CALD)

The First Trust Advisors LP Invests $801,000 in Callidus Software Inc. (CALD)

First Trust Advisors LP acquired a new position in shares of Callidus Software Inc. (NASDAQ:CALD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,077 shares of the company’s stock, valued at approximately $801,000. First Trust Advisors LP owned about 0.07% of Callidus Software as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Sigma Planning Corp acquired a new stake in shares of Callidus Software during the second quarter worth $393,000. Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in shares of Callidus Software during the second quarter worth $1,259,000. Independent Portfolio Consultants Inc. increased its stake in shares of Callidus Software by 8.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 13,185 shares of the company’s stock worth $263,000 after buying an additional 1,065 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Callidus Software by 53.1% in the second quarter. GW&K Investment Management LLC now owns 1,359,898 shares of the company’s stock worth $27,171,000 after buying an additional 471,708 shares in the last quarter. Finally, Granahan Investment Management Inc. MA increased its stake in shares of Callidus Software by 224.1% in the first quarter. Granahan Investment Management Inc. MA now owns 186,700 shares of the company’s stock worth $3,114,000 after buying an additional 129,100 shares in the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.

Shares of Callidus Software Inc. (NASDAQ:CALD) traded up 0.88% during mid-day trading on Friday, hitting $18.40. 631,364 shares of the stock were exchanged. Callidus Software Inc. has a 1-year low of $11.48 and a 1-year high of $21.64. The company’s 50-day moving average is $18.93 and its 200-day moving average is $18.63. The firm’s market cap is $1.05 billion.

Callidus Software (NASDAQ:CALD) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company earned $49.80 million during the quarter, compared to the consensus estimate of $50.32 million. Callidus Software had a negative net margin of 7.69% and a negative return on equity of 6.53%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. Equities research analysts anticipate that Callidus Software Inc. will post $0.27 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Piper Jaffray Cos. boosted their price objective on shares of Callidus Software from $21.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 21st. B. Riley restated a “buy” rating and issued a $21.00 target price on shares of Callidus Software in a research report on Wednesday, August 3rd. Dougherty & Co cut shares of Callidus Software from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Roth Capital restated a “buy” rating on shares of Callidus Software in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.11.

In related news, Director Charles Boesenberg sold 17,670 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $19.77, for a total transaction of $349,335.90. Following the completion of the sale, the director now owns 156,176 shares in the company, valued at approximately $3,087,599.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leslie Stretch sold 37,500 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.21, for a total transaction of $720,375.00. Following the sale, the insider now owns 511,670 shares of the company’s stock, valued at approximately $9,829,180.70. The disclosure for this sale can be found here. Insiders own 3.23% of the company’s stock.

Callidus Software Company 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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