Driehaus Capital Management LLC increased its stake in Materialise NV (NASDAQ:MTLS) by 14.5% during the 4th quarter, HoldingsChannel reports. The fund owned 335,694 shares of the software maker’s stock after purchasing an additional 42,618 shares during the quarter. Driehaus Capital Management LLC’s holdings in Materialise were worth $4,267,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Research Inc. raised its stake in shares of Materialise by 96.5% in the fourth quarter. Advisory Research Inc. now owns 86,299 shares of the software maker’s stock valued at $1,097,000 after acquiring an additional 42,391 shares in the last quarter. LA Financiere DE L Echiquier raised its stake in shares of Materialise by 28.6% in the fourth quarter. LA Financiere DE L Echiquier now owns 825,386 shares of the software maker’s stock valued at $10,491,000 after acquiring an additional 183,648 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Materialise by 33.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 25,069 shares of the software maker’s stock valued at $319,000 after acquiring an additional 6,269 shares in the last quarter. Ark Investment Management LLC raised its stake in shares of Materialise by 62.3% in the second quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock valued at $3,202,000 after acquiring an additional 103,542 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in shares of Materialise by 38.6% in the third quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock valued at $3,424,000 after acquiring an additional 65,499 shares in the last quarter. Institutional investors and hedge funds own 12.25% of the company’s stock.
Several analysts have recently issued reports on MTLS shares. BidaskClub upgraded Materialise from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Materialise from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.75.
Materialise (NASDAQ:MTLS) last posted its earnings results on Tuesday, March 6th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $43.70 million. Materialise had a negative return on equity of 2.08% and a negative net margin of 1.10%. Materialise’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. equities analysts expect that Materialise NV will post 0.14 EPS for the current fiscal year.
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Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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