KBC Group NV decreased its holdings in Materialise NV (NASDAQ:MTLS – Free Report) by 76.0% during the first quarter, Holdings Channel.com reports. The firm owned 28,771 shares of the software maker’s stock after selling 91,214 shares during the period. KBC Group NV’s holdings in Materialise were worth $142,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Materialise during the fourth quarter worth approximately $555,000. Osaic Holdings Inc. increased its stake in Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after buying an additional 10,900 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in Materialise by 0.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,890,920 shares of the software maker’s stock valued at $10,684,000 after buying an additional 15,573 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Materialise by 15.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,276 shares of the software maker’s stock worth $2,640,000 after buying an additional 61,465 shares in the last quarter. Finally, Credit Agricole S A purchased a new stake in Materialise in the 3rd quarter worth approximately $2,166,000. 19.30% of the stock is owned by hedge funds and other institutional investors.
Materialise Stock Performance
Shares of MTLS stock opened at $6.44 on Tuesday. Materialise NV has a fifty-two week low of $4.78 and a fifty-two week high of $7.50. The stock’s 50-day moving average is $6.63 and its two-hundred day moving average is $5.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 2.24. The firm has a market cap of $380.41 million, a P/E ratio of 32.20 and a beta of 1.32.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Materialise has an average rating of “Hold” and an average target price of $10.00.
Get Our Latest Stock Analysis on Materialise
About Materialise
Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.
On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.
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