Why George Soros’s Soros Fund Management Llc Reported Exa Corp Position?

September 13, 2017 - By Hazel Jackson

 Why George Soros's Soros Fund Management Llc Reported Exa Corp Position?

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

Barclays Public Limited Com holds 0% or 231 shares. Soros Fund Limited invested 0.49% in Exa Corp (NASDAQ:EXA). Golden Gate Private Equity Inc owns 0.73% invested in Exa Corp (NASDAQ:EXA) for 122,100 shares. Blackrock Group accumulated 7,845 shares. Wasatch Advsr Inc stated it has 422,404 shares. Next Century Growth Invsts Lc holds 61,231 shares or 0.06% of its portfolio. Parametric Port Associate Ltd holds 71,842 shares or 0% of its portfolio. Grp One Trading Lp holds 0% or 200 shares. Blackrock Fund Advsr holds 448,233 shares. 1.56M were accumulated by Conestoga Cap Advsr Ltd Liability Com. Ameriprise Finance holds 0% in Exa Corp (NASDAQ:EXA) or 192,231 shares. Martingale Asset Mngmt Lp holds 61,106 shares or 0.01% of its portfolio. Arrowpoint Asset Ltd invested in 0.27% or 1.09 million shares. Envestnet Asset accumulated 5,628 shares. Northern Tru has invested 0% of its portfolio in Exa Corp (NASDAQ:EXA).

Since April 3, 2017, it had 0 insider buys, and 3 selling transactions for $40,441 activity. 1,000 shares were sold by SHIELDS JOHN J, worth $12,800.

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. Needham maintained Exa Corp (NASDAQ:EXA) rating on Tuesday, August 30. Needham has “Buy” rating and $16.50 target. The firm has “Buy” rating by Needham given on Thursday, December 1. On Monday, August 28 the stock rating was maintained by Canaccord Genuity with “Hold”. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 28 report. Canaccord Genuity maintained Exa Corp (NASDAQ:EXA) rating on Wednesday, September 2. Canaccord Genuity has “Buy” rating and $13 target. The rating was reinitiated by Needham on Thursday, December 22 with “Buy”. The company was maintained on Tuesday, August 30 by Canaccord Genuity. The stock of Exa Corp (NASDAQ:EXA) earned “Hold” rating by Canaccord Genuity on Friday, March 17.

More important recent Exa Corp (NASDAQ:EXA) news were published by: Seekingalpha.com which released: “Exa Corporation’s (EXA) CEO Steve Remondi on Q1 2018 Results – Earnings Call …” on May 25, 2017, also Globenewswire.com published article titled: “Exa to Host European PowerFLOW Solution Forum in Frankfurt”, Reuters.com published: “BRIEF-Exa Corp and BP sign multi-year commercial agreement for exa digitalrock …” on May 02, 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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