Bank of Montreal Can grew its holdings in Cray Inc. (NASDAQ:CRAY) by 1,179.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,232 shares of the technology company’s stock after purchasing an additional 5,745 shares during the quarter. Bank of Montreal Can’s holdings in Cray were worth $134,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Cray during the 3rd quarter valued at approximately $114,000. Teacher Retirement System of Texas purchased a new stake in shares of Cray during the 2nd quarter valued at approximately $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cray during the 2nd quarter valued at approximately $212,000. Eqis Capital Management Inc. purchased a new stake in shares of Cray during the 2nd quarter valued at approximately $230,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Cray in the 2nd quarter valued at approximately $233,000. 97.27% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on CRAY shares. Zacks Investment Research downgraded shares of Cray from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. ValuEngine upgraded shares of Cray from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Finally, BidaskClub upgraded shares of Cray from a “hold” rating to a “buy” rating in a report on Saturday, November 17th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $31.00.
Cray (NASDAQ:CRAY) last posted its earnings results on Tuesday, October 30th. The technology company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.03). Cray had a negative net margin of 33.95% and a negative return on equity of 10.56%. The company had revenue of $92.80 million during the quarter, compared to analyst estimates of $90.58 million. During the same quarter last year, the business posted ($0.33) EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts expect that Cray Inc. will post -1.55 earnings per share for the current fiscal year.
In related news, VP Brian C. Henry sold 18,667 shares of Cray stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $24.19, for a total value of $451,554.73. Following the completion of the sale, the vice president now owns 87,939 shares in the company, valued at approximately $2,127,244.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by company insiders.
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Cray Company Profile
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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