California Public Employees Retirement System held its stake in shares of Exa Corporation (NASDAQ:EXA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,600 shares of the technology company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.14% of Exa Corporation worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Kornitzer Capital Management Inc. KS increased its stake in shares of Exa Corporation by 5.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 131,486 shares of the technology company’s stock worth $1,670,000 after buying an additional 7,200 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Exa Corporation by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after buying an additional 2,198 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Exa Corporation by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock worth $552,000 after buying an additional 1,148 shares during the last quarter. FIL Ltd acquired a new stake in shares of Exa Corporation during the first quarter worth $3,071,000. Finally, Cadence Capital Management LLC increased its stake in shares of Exa Corporation by 4.4% in the first quarter. Cadence Capital Management LLC now owns 64,244 shares of the technology company’s stock worth $816,000 after buying an additional 2,708 shares during the last quarter. 76.54% of the stock is owned by institutional investors.

Exa Corporation (EXA) traded down 0.322% during mid-day trading on Tuesday, hitting $13.945. 10,738 shares of the stock were exchanged. Exa Corporation has a 12-month low of $12.34 and a 12-month high of $16.89. The stock’s market capitalization is $207.96 million. The firm has a 50-day moving average price of $13.82 and a 200-day moving average price of $13.94.

Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Equities analysts predict that Exa Corporation will post ($0.15) earnings per share for the current fiscal year.

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EXA has been the subject of a number of analyst reports. TheStreet raised shares of Exa Corporation from a “d” rating to a “c-” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered shares of Exa Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.20.

Exa Corporation Company 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.

Institutional Ownership by Quarter for Exa Corporation (NASDAQ:EXA)

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