Neuberger Berman Group LLC Invests $6.31 Million in Xactly Corp (XTLY) Stock

Neuberger Berman Group LLC acquired a new position in Xactly Corp (NASDAQ:XTLY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 403,077 shares of the technology company’s stock, valued at approximately $6,308,000. Neuberger Berman Group LLC owned approximately 1.25% of Xactly Corp as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Xactly Corp in the 1st quarter worth about $406,000. Marshall Wace North America L.P. acquired a new stake in Xactly Corp in the 2nd quarter worth about $2,538,000. Chicago Capital Management LLC acquired a new stake in Xactly Corp in the 2nd quarter worth about $1,023,000. Trexquant Investment LP raised its stake in Xactly Corp by 98.1% in the 1st quarter. Trexquant Investment LP now owns 24,614 shares of the technology company’s stock worth $293,000 after purchasing an additional 12,190 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Xactly Corp by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 690,265 shares of the technology company’s stock worth $8,215,000 after purchasing an additional 41,829 shares in the last quarter.

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Several analysts have weighed in on XTLY shares. BidaskClub cut shares of Xactly Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Lake Street Capital cut shares of Xactly Corp from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $14.00 to $15.65 in a research note on Tuesday, May 30th. Craig Hallum cut shares of Xactly Corp from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.50 to $15.65 in a research note on Tuesday, May 30th. Dougherty & Co cut shares of Xactly Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG cut shares of Xactly Corp from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $15.65 in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.74.

Xactly Corp (NASDAQ:XTLY) opened at 15.65 on Tuesday. The stock has a 50 day moving average of $15.63 and a 200 day moving average of $13.47. Xactly Corp has a 12 month low of $10.60 and a 12 month high of $16.10.

In related news, COO L Evan Ellis, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $15.60, for a total value of $156,000.00. Following the sale, the chief operating officer now directly owns 269,749 shares of the company’s stock, valued at $4,208,084.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald S. Casilli sold 265,543 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $15.55, for a total transaction of $4,129,193.65. The disclosure for this sale can be found here. Insiders sold 300,876 shares of company stock valued at $4,680,688 over the last 90 days.

Xactly Corp Company Profile

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.

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

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