NWQ Investment Management Company LLC boosted its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 66.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,475,548 shares of the technology company’s stock after purchasing an additional 590,325 shares during the period. NWQ Investment Management Company LLC owned approximately 3.65% of Cray worth $28,699,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Cray by 361.5% in the 3rd quarter. Victory Capital Management Inc. now owns 904,640 shares of the technology company’s stock valued at $17,595,000 after acquiring an additional 708,613 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Cray in the 3rd quarter valued at approximately $11,737,000. Dimensional Fund Advisors LP lifted its position in shares of Cray by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock valued at $36,064,000 after acquiring an additional 326,742 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cray by 45.6% in the 2nd quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock valued at $17,154,000 after acquiring an additional 291,869 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in shares of Cray in the 2nd quarter valued at approximately $4,600,000. 96.31% of the stock is owned by institutional investors and hedge funds.
In other Cray news, SVP Michael Charles Piraino sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $22.61, for a total value of $678,300.00. Following the transaction, the senior vice president now owns 72,384 shares in the company, valued at approximately $1,636,602.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Charles A. Morreale sold 42,680 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total transaction of $826,711.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,005 shares of company stock worth $1,534,913. Company insiders own 4.00% of the company’s stock.
Several brokerages recently commented on CRAY. ValuEngine upgraded shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a research report on Monday, November 27th. BidaskClub downgraded shares of Cray from a “hold” rating to a “sell” rating in a research report on Thursday. Craig Hallum upgraded shares of Cray from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded shares of Cray from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.40.
Cray Inc. (NASDAQ CRAY) opened at $21.50 on Thursday. The firm has a market cap of $883.57, a P/E ratio of 312.14 and a beta of 1.69. Cray Inc. has a 12 month low of $16.10 and a 12 month high of $24.25.
Cray (NASDAQ:CRAY) last released its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.16. The firm had revenue of $79.70 million for the quarter, compared to analyst estimates of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) EPS. equities research analysts expect that Cray Inc. will post -1.14 earnings per share for the current year.
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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.
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