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

September 13, 2017 - By Hazel Jackson

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

Investors sentiment decreased to 2 in 2016 Q4. Its down 0.15, from 2.15 in 2016Q3. It dived, 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.

Conestoga Advsrs Ltd Limited Liability Company stated it has 1.59% of its portfolio in Exa Corp (NASDAQ:EXA). Menta Cap Limited Liability Co reported 0.05% of its portfolio in Exa Corp (NASDAQ:EXA). Vanguard Grp Inc Inc holds 576,296 shares. Ameriprise Financial Incorporated accumulated 0% or 192,231 shares. Research Glob Investors owns 1.17M shares. Globeflex Capital Ltd Partnership reported 55,700 shares. State Of New Jersey Common Pension Fund D reported 0.02% of its portfolio in Exa Corp (NASDAQ:EXA). Acadian Asset Llc invested in 52,919 shares or 0% of the stock. Millennium Management Ltd Liability Corp invested in 31,173 shares. Redmond Asset Mgmt Limited Liability stated it has 18,729 shares or 0.13% of all its holdings. Metropolitan Life Insurance Com New York reported 0% of its portfolio in Exa Corp (NASDAQ:EXA). 7,922 are owned by Bankshares Of Montreal Can. Moreover, Schwab Charles Invest Mgmt has 0% invested in Exa Corp (NASDAQ:EXA). Blackrock Ltd stated it has 0% of its portfolio in Exa Corp (NASDAQ:EXA). Wells Fargo And Mn accumulated 9,364 shares.

Since April 3, 2017, it had 0 insider purchases, and 3 selling transactions for $40,441 activity.

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. Stifel Nicolaus maintained Exa Corp (NASDAQ:EXA) on Monday, August 28 with “Buy” rating. The stock of Exa Corp (NASDAQ:EXA) has “Buy” rating given on Thursday, December 22 by Needham. Canaccord Genuity downgraded it to “Hold” rating and $15 target in Friday, March 17 report. The stock has “Buy” rating by Canaccord Genuity on Wednesday, September 2. Canaccord Genuity maintained the shares of EXA in report on Monday, August 28 with “Hold” rating. Needham maintained Exa Corp (NASDAQ:EXA) rating on Thursday, December 1. Needham has “Buy” rating and $17 target. Canaccord Genuity maintained the shares of EXA in report on Tuesday, August 30 with “Buy” rating. The rating was maintained by Needham with “Buy” on Tuesday, August 30.

More important recent Exa Corp (NASDAQ:EXA) news were published by: Reuters.com which released: “BRIEF-Exa Corp and BP sign multi-year commercial agreement for exa digitalrock …” on May 02, 2017, also Globenewswire.com published article titled: “Exa to Host European PowerFLOW Solution Forum in Frankfurt”, 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: Seekingalpha.com and their article: “Exa Corporation’s (EXA) CEO Steve Remondi on Q4 2017 Results – Earnings Call …” with publication date: March 17, 2017.

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