State of Alaska Department of Revenue raised its position in Cray Inc (NASDAQ:CRAY) by 77.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,979 shares of the technology company’s stock after buying an additional 3,479 shares during the period. State of Alaska Department of Revenue’s holdings in Cray were worth $146,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. First Interstate Bank raised its stake in Cray by 17.7% in the first quarter. First Interstate Bank now owns 6,065 shares of the technology company’s stock worth $133,000 after buying an additional 910 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in Cray during the first quarter worth approximately $208,000. Mason Street Advisors LLC raised its stake in Cray by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock worth $209,000 after buying an additional 621 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Cray during the first quarter worth approximately $287,000. Finally, US Bancorp DE raised its stake in Cray by 5.6% in the first quarter. US Bancorp DE now owns 13,166 shares of the technology company’s stock worth $289,000 after buying an additional 700 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.
Cray Inc (NASDAQ CRAY) traded down 0.627% on Thursday, hitting $19.825. The company’s stock had a trading volume of 67,890 shares. The firm has a 50 day moving average of $18.77 and a 200-day moving average of $19.03. The stock has a market cap of $796.11 million, a PE ratio of 295.896 and a beta of 1.62. Cray Inc has a 12 month low of $16.10 and a 12 month high of $25.32.
Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million during the quarter, compared to analyst estimates of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. On average, analysts expect that Cray Inc will post ($1.18) earnings per share for the current fiscal year.
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A number of research firms have recently commented on CRAY. BidaskClub raised Cray from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. TheStreet lowered Cray from a “c” rating to a “d+” rating in a research report on Wednesday, May 3rd. ValuEngine raised Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price (down previously from $25.00) on shares of Cray in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.
Cray Company Profile
Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.
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