Wells Fargo & Company MN reduced its stake in shares of Xactly Corp (NASDAQ:XTLY) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 592,339 shares of the technology company’s stock after selling 111,410 shares during the period. Wells Fargo & Company MN owned approximately 1.84% of Xactly Corp worth $9,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Xactly Corp during the 2nd quarter worth $3,618,000. JPMorgan Chase & Co. boosted its position in shares of Xactly Corp by 709.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 299,267 shares of the technology company’s stock worth $4,683,000 after purchasing an additional 262,318 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Xactly Corp during the 2nd quarter worth $1,191,000. Neuberger Berman Group LLC purchased a new stake in shares of Xactly Corp during the 2nd quarter worth $6,308,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Xactly Corp during the 2nd quarter worth $2,538,000.

Shares of Xactly Corp (NASDAQ XTLY) opened at 15.65 on Friday. Xactly Corp has a 12 month low of $10.60 and a 12 month high of $15.65.

Separately, BidaskClub lowered shares of Xactly Corp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.28.

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In related news, CFO Joseph C. Consul sold 3,333 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $15.60, for a total transaction of $51,994.80. Following the completion of the transaction, the chief financial officer now owns 57,826 shares of the company’s stock, valued at $902,085.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO L Evan Ellis, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $15.60, for a total value of $156,000.00. Following the transaction, the chief operating officer now directly owns 269,749 shares of the company’s stock, valued at approximately $4,208,084.40. The disclosure for this sale can be found here.

About Xactly Corp

Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.

Institutional Ownership by Quarter for Xactly Corp (NASDAQ:XTLY)

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