Fmr LLC Sells 61,491 Shares of Cray Inc. (CRAY)

Share on StockTwits

Fmr LLC lessened its holdings in Cray Inc. (NASDAQ:CRAY) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 712,978 shares of the technology company’s stock after selling 61,491 shares during the period. Fmr LLC’s holdings in Cray were worth $15,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CRAY. Bank of New York Mellon Corp lifted its stake in shares of Cray by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,354,936 shares of the technology company’s stock valued at $33,329,000 after buying an additional 25,498 shares during the period. BlackRock Inc. lifted its stake in shares of Cray by 5.1% in the third quarter. BlackRock Inc. now owns 5,800,460 shares of the technology company’s stock valued at $124,710,000 after buying an additional 279,746 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Cray in the third quarter valued at about $246,000. GSA Capital Partners LLP lifted its stake in shares of Cray by 199.6% in the third quarter. GSA Capital Partners LLP now owns 24,551 shares of the technology company’s stock valued at $528,000 after buying an additional 16,356 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Cray by 10.2% in the third quarter. Royce & Associates LP now owns 1,296,645 shares of the technology company’s stock valued at $27,878,000 after buying an additional 120,164 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.

Several equities research analysts recently weighed in on CRAY shares. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. BidaskClub upgraded shares of Cray from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of Cray from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a research note on Thursday, March 14th. Finally, KeyCorp reduced their target price on shares of Cray from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, February 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.50.

Shares of CRAY opened at $24.78 on Friday. Cray Inc. has a 12 month low of $18.76 and a 12 month high of $28.60.

Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Tuesday, February 12th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.15). The business had revenue of $163.00 million for the quarter, compared to the consensus estimate of $157.90 million. Cray had a negative return on equity of 15.97% and a negative net margin of 15.72%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. As a group, analysts expect that Cray Inc. will post -1.33 earnings per share for the current fiscal year.

In other Cray news, CEO Peter J. Ungaro sold 86,971 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $22.61, for a total transaction of $1,966,414.31. Following the completion of the transaction, the chief executive officer now owns 322,647 shares in the company, valued at $7,295,048.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter J. Ungaro sold 63,029 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $22.39, for a total transaction of $1,411,219.31. Following the transaction, the chief executive officer now owns 337,532 shares of the company’s stock, valued at approximately $7,557,341.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $3,932,634. Corporate insiders own 4.10% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Fmr LLC Sells 61,491 Shares of Cray Inc. (CRAY)” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/4244966/fmr-llc-sells-61491-shares-of-cray-inc-cray.html.

Cray Company Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

See Also: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding CRAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cray Inc. (NASDAQ:CRAY).

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

Receive News & Ratings for Cray Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cray and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

2 Zooms jumped following the IPO: Did you buy the wrong one?
2 Zooms jumped following the IPO: Did you buy the wrong one?
Bean Cash  24 Hour Volume Tops $11,391.00
Bean Cash 24 Hour Volume Tops $11,391.00
Brokerages Anticipate Masco Corp  to Announce $0.47 Earnings Per Share
Brokerages Anticipate Masco Corp to Announce $0.47 Earnings Per Share
Chronologic  Achieves Market Capitalization of $201,718.00
Chronologic Achieves Market Capitalization of $201,718.00
KEMET Co.  Expected to Announce Earnings of $0.96 Per Share
KEMET Co. Expected to Announce Earnings of $0.96 Per Share
Recent Research Analysts’ Ratings Updates for Cadence Bancorp
Recent Research Analysts’ Ratings Updates for Cadence Bancorp


© 2006-2019 Ticker Report