Exa Corp: George Soros’s Soros Fund Management Llc Bought Stake

September 13, 2017 - By Dolores Ford

 Exa Corp: George Soros's Soros Fund Management Llc Bought Stake

Investors sentiment decreased to 2 in Q4 2016. Its down 0.15, from 2.15 in 2016Q3. It dropped, as 9 investors sold Exa Corp shares while 15 reduced holdings. 11 funds opened positions while 37 raised stakes. 11.11 million shares or 0.76% less from 11.19 million shares in 2016Q3 were reported.

91,790 are owned by Geode Cap Mgmt Ltd Liability. Tiaa Cref Investment Mgmt Limited Liability Company reported 45,647 shares. Millennium Limited Liability Company reported 0% stake. Bridgeway Cap Mgmt accumulated 85,199 shares or 0.02% of the stock. California State Teachers Retirement reported 28,580 shares. Cap Global invested in 1.17M shares. Deutsche Comml Bank Ag owns 8,030 shares. Kornitzer Management Ks invested in 0.04% or 124,286 shares. Bb&T owns 11,955 shares. Glenmede Trust Na stated it has 2,125 shares. Nationwide Fund Advsrs reported 0% of its portfolio in Exa Corp (NASDAQ:EXA). Wasatch Advsrs stated it has 422,404 shares. Morgan Stanley reported 40,365 shares stake. State Street Corporation has invested 0% of its portfolio in Exa Corp (NASDAQ:EXA). Parametric Port Assoc Limited Liability Corporation accumulated 71,842 shares or 0% of the stock.

Since April 3, 2017, it had 0 insider buys, and 3 sales for $40,441 activity. Another trade for 1,000 shares valued at $12,800 was sold by SHIELDS JOHN J.

The New George Soros’s Soros Fund Management Llc Holding in Exa Corp

Soros Fund Management Llc reported SC 13G/A form with the SEC for Exa Corp. Access it here: 000119312517283959. As reported by George Soros’s Soros Fund Management Llc, the filler owns 11.07% or 1,661,666 shares of the Information Technology–company.

Exa Corp stake is new for [reportingPerson]. Date of activity: September11, 2017. This shows George Soros’s Soros Fund Management Llc’s positive view for Exa Corp.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of George Soros’s Soros Fund Management Llc’s portfolio is in the sector.

Exa Corp Institutional Sentiment

Filings show 41 investors own Exa Corp. The ownership in Q3 2015 is low, at 94.16 % of the outstanding shares. This is increased by 5036666. 14143308 were owned by these investors. 4 funds opened new Exa Corp stakes, 17 increased positions. There were 5 that closed positions and 9 reduced them.

Lapides Asset Management Llc is an investor bullish on Exa Corp, owning 72400 shares as of Q3 2015 for 0.13% of its portfolio. Conestoga Capital Advisors Llc owns 1124187 shares or 0.93% of its portfolio. CA Osmium Partners Llc have 2.72% of its portfolio for 228712 shares. Further, Murphy Michael R reported stake worth 0.69% of its portfolio. The CA Golden Gate Private Equity Inc owns 87100 shares. Exa Corp is 0.40% of its portfolio.

Business Profile

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. Its product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine, along with pre- and post-processing software products. The software is delivered in client/server architecture, or through its cloud-based offering, ExaCLOUD. With the ExaCLOUD solution, various client features and functions are accessed through a Web browser.

SEC Form 13G.

The stock increased 0.73% or $0.11 during the last trading session, reaching $15.13. About 44,545 shares traded. Exa Corp (NASDAQ:EXA) has declined 1.23% since September 14, 2016 and is downtrending. It has underperformed by 17.93% the S&P500.

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The company has market cap of $227.20 million. The Firm focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. It currently has negative earnings. The Company’s product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise.

Exa Corp (NASDAQ:EXA) Ratings Coverage

Among 3 analysts covering Exa (NASDAQ:EXA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Exa has $18 highest and $13 lowest target. $16.33’s average target is 7.93% above currents $15.13 stock price. Exa had 8 analyst reports since September 2, 2015 according to SRatingsIntel. The company was maintained on Monday, August 28 by Canaccord Genuity. As per Friday, March 17, the company rating was downgraded by Canaccord Genuity. Needham maintained Exa Corp (NASDAQ:EXA) on Thursday, December 1 with “Buy” rating. As per Wednesday, September 2, the company rating was maintained by Canaccord Genuity. On Tuesday, August 30 the stock rating was maintained by Needham with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 28. The stock of Exa Corp (NASDAQ:EXA) earned “Buy” rating by Canaccord Genuity on Tuesday, August 30. The firm has “Buy” rating by Needham given on Thursday, December 22.

More important recent Exa Corp (NASDAQ:EXA) news were published by: Seekingalpha.com which released: “Exa Corporation’s (EXA) CEO Steve Remondi on Q4 2017 Results – Earnings Call …” on March 17, 2017, also Reuters.com published article titled: “BRIEF-Exa Corp and BP sign multi-year commercial agreement for exa digitalrock …”, Seekingalpha.com published: “Exa Corporation’s (EXA) CEO Steve Remondi on Q1 2018 Results – Earnings Call …” on May 25, 2017. More interesting news about Exa Corp (NASDAQ:EXA) was released by: Globenewswire.com and their article: “Exa to Host European PowerFLOW Solution Forum in Frankfurt” with publication date: September 07, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.