First Washington CORP Increases Holdings in Cray Inc (CRAY)

First Washington CORP raised its position in Cray Inc (NASDAQ:CRAY) by 17.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 228,650 shares of the technology company’s stock after acquiring an additional 34,420 shares during the period. Cray makes up about 2.1% of First Washington CORP’s holdings, making the stock its 19th largest position. First Washington CORP owned 0.57% of Cray worth $4,207,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of Cray by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the technology company’s stock valued at $364,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Cray by 1.0% during the first quarter. Arizona State Retirement System now owns 21,200 shares of the technology company’s stock valued at $464,000 after buying an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Cray by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock valued at $177,000 after buying an additional 330 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Cray by 7.0% during the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock valued at $209,000 after buying an additional 621 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Cray by 5.6% during the first quarter. US Bancorp DE now owns 13,166 shares of the technology company’s stock valued at $289,000 after buying an additional 700 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Shares of Cray Inc (CRAY) traded up 1.60% on Tuesday, hitting $19.10. The company had a trading volume of 37,481 shares. The firm’s 50 day moving average price is $19.15 and its 200-day moving average price is $19.01. Cray Inc has a 52 week low of $16.10 and a 52 week high of $25.32. The stock has a market capitalization of $767.00 million, a PE ratio of 285.07 and a beta of 1.66.

Cray (NASDAQ:CRAY) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million for the quarter, compared to the consensus estimate of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.29) EPS. Analysts forecast that Cray Inc will post ($1.13) earnings per share for the current fiscal year.

Several research analysts recently issued reports on CRAY shares. ValuEngine raised Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut Cray from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 target price on shares of Cray in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.50.

Cray Company Profile

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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