Wells Fargo & Company MN Sells 22,773 Shares of Materialise NV (MTLS)

Wells Fargo & Company MN trimmed its stake in Materialise NV (NASDAQ:MTLS) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,446 shares of the software maker’s stock after selling 22,773 shares during the period. Wells Fargo & Company MN’s holdings in Materialise were worth $1,138,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in Materialise in the third quarter valued at $334,000. Renaissance Technologies LLC grew its position in Materialise by 46.9% in the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock valued at $2,331,000 after acquiring an additional 57,300 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in Materialise in the third quarter valued at $1,829,000. Hedge funds and other institutional investors own 16.57% of the company’s stock.

Shares of MTLS stock opened at $19.49 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.04 billion, a PE ratio of -487.25, a price-to-earnings-growth ratio of 3.98 and a beta of 0.35. Materialise NV has a 52 week low of $11.16 and a 52 week high of $22.99.

Materialise (NASDAQ:MTLS) last announced its earnings results on Wednesday, October 31st. The software maker reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $54.10 million for the quarter, compared to analysts’ expectations of $53.11 million. Materialise had a return on equity of 4.39% and a net margin of 2.20%. As a group, equities analysts predict that Materialise NV will post 0.1 EPS for the current year.

A number of analysts have weighed in on MTLS shares. ValuEngine cut Materialise from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. BidaskClub cut Materialise from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Zacks Investment Research upgraded Materialise from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, KBC Securities cut Materialise from a “buy” rating to a “hold” rating and set a $20.07 price target on the stock. in a research report on Friday, December 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $18.54.

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Materialise Company Profile

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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Institutional Ownership by Quarter for Materialise (NASDAQ:MTLS)

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