58,070 Shares in Cray Inc. (CRAY) Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in shares of Cray Inc. (NASDAQ:CRAY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 58,070 shares of the technology company’s stock, valued at approximately $1,405,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC lifted its holdings in shares of Cray by 106.0% during the third quarter. Zeke Capital Advisors LLC now owns 23,070 shares of the technology company’s stock worth $449,000 after purchasing an additional 11,872 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cray by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 210,134 shares of the technology company’s stock worth $4,088,000 after purchasing an additional 13,135 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Cray by 58.3% in the third quarter. BNP Paribas Arbitrage SA now owns 21,200 shares of the technology company’s stock valued at $412,000 after acquiring an additional 7,807 shares during the period. Granite Investment Partners LLC acquired a new position in Cray in the third quarter valued at approximately $11,737,000. Finally, Bank of New York Mellon Corp lifted its holdings in Cray by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 1,311,088 shares of the technology company’s stock valued at $25,502,000 after acquiring an additional 20,811 shares during the period. 96.36% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Craig Hallum raised Cray from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. ValuEngine raised Cray from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. KeyCorp reissued a “buy” rating and issued a $24.00 price target on shares of Cray in a report on Wednesday, November 1st. BidaskClub downgraded Cray from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Cray from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.80.

In other Cray news, SVP Charles A. Morreale sold 42,680 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total value of $826,711.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Charles Piraino sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total value of $25,300.00. Following the completion of the sale, the senior vice president now owns 43,484 shares of the company’s stock, valued at $1,000,132. The disclosure for this sale can be found here. Insiders sold 73,780 shares of company stock valued at $1,530,312 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

Cray Inc. (CRAY) opened at $22.15 on Friday. Cray Inc. has a twelve month low of $16.50 and a twelve month high of $26.65. The stock has a market capitalization of $883.57, a P/E ratio of 59.86 and a beta of 1.53.

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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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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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