Schwab Charles Investment Management Inc. continued to hold its stake in Exa Corporation (NASDAQ:EXA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,080 shares of the technology company’s stock at the close of the first quarter. Schwab Charles Investment Management Inc. owned approximately 0.22% of Exa Corporation worth $408,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of EXA. Strs Ohio boosted its position in Exa Corporation by 25.7% during the 1st quarter. Strs Ohio now owns 22,500 shares of the technology company’s stock valued at $285,000 after acquiring an additional 4,600 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Exa Corporation by 27.0% in the 1st quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after purchasing an additional 2,198 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Exa Corporation by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock worth $552,000 after purchasing an additional 1,148 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Exa Corporation in the 1st quarter worth $140,000. Finally, American International Group Inc. boosted its position in shares of Exa Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
A number of analysts have recently weighed in on EXA shares. Zacks Investment Research upgraded Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, May 31st. ValuEngine upgraded Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded Exa Corporation from a “d” rating to a “c-” rating in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.20.
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In related news, major shareholder Soros Fund Management Llc bought 15,489 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average cost of $15.99 per share, for a total transaction of $247,669.11. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 228,491 shares of company stock valued at $3,382,785. Corporate insiders own 11.53% of the company’s stock.
Exa Corporation (EXA) opened at 16.43 on Friday. Exa Corporation has a one year low of $12.34 and a one year high of $16.89. The firm’s market capitalization is $246.71 million. The stock’s 50 day moving average price is $14.19 and its 200 day moving average price is $13.77.
Exa Corporation (NASDAQ:EXA) last released its earnings results on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $17.50 million during the quarter, compared to analysts’ expectations of $17.58 million. Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. Analysts expect that Exa Corporation will post ($0.12) EPS for the current year.
About Exa Corporation
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.
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