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.
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.
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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.
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