Parametric Portfolio Associates LLC Has $945,000 Position in Cray Inc (CRAY)

Parametric Portfolio Associates LLC raised its position in Cray Inc (NASDAQ:CRAY) by 81.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,160 shares of the technology company’s stock after buying an additional 19,347 shares during the period. Parametric Portfolio Associates LLC owned 0.11% of Cray worth $945,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in Cray during the first quarter worth about $287,000. US Bancorp DE boosted 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 during the last quarter. TFS Capital LLC purchased a new stake in Cray during the first quarter worth approximately $316,000. Louisiana State Employees Retirement System boosted its stake in Cray by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the technology company’s stock worth $364,000 after buying an additional 200 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Cray during the fourth quarter worth approximately $382,000. 96.24% of the stock is currently owned by institutional investors.

Shares of Cray Inc (NASDAQ:CRAY) traded down 3.96% during trading on Friday, reaching $18.20. 260,770 shares of the company’s stock were exchanged. The company has a market capitalization of $730.86 million, a P/E ratio of 271.64 and a beta of 1.62. Cray Inc has a 12-month low of $16.10 and a 12-month high of $25.32. The stock has a 50-day moving average price of $19.03 and a 200 day moving average price of $19.15.

Cray (NASDAQ:CRAY) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.34. The firm had revenue of $87.10 million during the quarter, compared to the consensus estimate of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. Cray’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.29) earnings per share. Equities analysts expect that Cray Inc will post ($1.13) EPS for the current fiscal year.

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CRAY has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price (down from $25.00) on shares of Cray in a report on Wednesday, May 3rd. TheStreet lowered shares of Cray from a “c” rating to a “d+” rating in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

About Cray

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.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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