Lapides Asset Management LLC continued to hold its position in shares of Exa Corporation (NASDAQ:EXA) during the first quarter, Holdings Channel reports. The firm owned 48,700 shares of the technology company’s stock at the end of the first quarter. Lapides Asset Management LLC’s holdings in Exa Corporation were worth $618,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EXA. Menta Capital LLC raised its position in shares of Exa Corporation by 4.2% in the first quarter. Menta Capital LLC now owns 42,465 shares of the technology company’s stock valued at $539,000 after buying an additional 1,730 shares during the period. Teachers Advisors LLC raised its position in shares of Exa Corporation by 8.2% in the first quarter. Teachers Advisors LLC now owns 23,591 shares of the technology company’s stock valued at $300,000 after buying an additional 1,785 shares during the period. FIL Ltd purchased a new position in shares of Exa Corporation during the first quarter valued at about $3,071,000. Cadence Capital Management LLC raised its position 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 valued at $816,000 after buying an additional 2,708 shares during the period. Finally, American International Group Inc. raised its position in shares of Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock valued at $108,000 after buying an additional 556 shares during the period. 76.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Exa Corporation (NASDAQ:EXA) traded down 0.42% during trading on Monday, hitting $14.30. The stock had a trading volume of 31,524 shares. The stock has a 50 day moving average price of $13.45 and a 200-day moving average price of $14.50. Exa Corporation has a one year low of $12.34 and a one year high of $16.89. The stock’s market capitalization is $213.26 million.

Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings data on Wednesday, May 24th. The technology company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.56 million. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. Exa Corporation’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. On average, equities research analysts predict that Exa Corporation will post ($0.15) earnings per share for the current year.

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Several brokerages have recently issued reports on EXA. Robert W. Baird reaffirmed an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Exa Corporation in a research note on Tuesday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target (down previously from $18.00) on shares of Exa Corporation in a research note on Friday, March 17th. Stifel Nicolaus cut their price target on Exa Corporation from $18.50 to $17.00 and set a “buy” rating on the stock in a research note on Friday, March 17th. Canaccord Genuity lowered Exa Corporation from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Friday, March 17th. Finally, ValuEngine raised Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Exa Corporation has an average rating of “Buy” and a consensus target price of $16.20.

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

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