Trading Report: Today, Ameriprise Financial Inc. decides to keep it stake in Exa Corp. (EXA) to the level of $4,370,000

Today, Ameriprise Financial Inc. decides to keep it stake in Exa Corp. (EXA) to the level of $4,370,000

Ameriprise Financial Inc. continued to hold its position in shares of Exa Corp. (NASDAQ:EXA) during the second quarter, Holdings Channel reports. The institutional investor owned 302,431 shares of the company’s stock at the end of the second quarter. Ameriprise Financial Inc. owned 2.05% of Exa Corp. worth $4,370,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG boosted its stake in Exa Corp. by 112.4% in the first quarter. UBS Group AG now owns 83,718 shares of the company’s stock valued at $1,084,000 after buying an additional 44,312 shares in the last quarter. California State Teachers Retirement System bought a new stake in Exa Corp. during the second quarter valued at approximately $420,000. GSA Capital Partners LLP bought a new stake in Exa Corp. during the second quarter valued at approximately $636,000. California Public Employees Retirement System bought a new stake in Exa Corp. during the second quarter valued at approximately $298,000. Finally, Bank of New York Mellon Corp boosted its stake in Exa Corp. by 190.4% in the second quarter. Bank of New York Mellon Corp now owns 40,264 shares of the company’s stock valued at $582,000 after buying an additional 26,397 shares in the last quarter. 76.02% of the stock is owned by institutional investors.

Exa Corp. (NASDAQ:EXA) traded up 0.177% on Tuesday, hitting $14.175. 1,981 shares of the stock traded hands. The firm’s market capitalization is $210.07 million. The stock has a 50 day moving average of $15.60 and a 200 day moving average of $14.07. Exa Corp. has a 52 week low of $9.05 and a 52 week high of $16.74.

Exa Corp. (NASDAQ:EXA) last posted its quarterly earnings data on Monday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The company earned $17.10 million during the quarter. During the same quarter last year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Exa Corp. will post ($0.07) earnings per share for the current year.

Several equities research analysts have commented on EXA shares. Canaccord Genuity boosted their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Needham & Company LLC boosted their price target on shares of Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Finally, Zacks Investment Research raised shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, September 1st.

In other Exa Corp. news, Director John J. Shields sold 2,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $14.37, for a total value of $28,740.00. Following the completion of the sale, the director now directly owns 64,078 shares in the company, valued at $920,800.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the completion of the sale, the insider now owns 905,640 shares of the company’s stock, valued at $13,331,020.80. The disclosure for this sale can be found here. Insiders own 9.89% of the company’s stock.

Exa Corp. 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.

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