Senvest Management LLC Has $1.11 Million Holdings in Cray Inc. (CRAY)

Senvest Management LLC trimmed its position in shares of Cray Inc. (NASDAQ:CRAY) by 92.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,733 shares of the technology company’s stock after selling 676,238 shares during the period. Senvest Management LLC’s holdings in Cray were worth $1,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Cray by 5.1% during 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 last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Cray by 11.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,560,000 shares of the technology company’s stock valued at $33,540,000 after purchasing an additional 160,000 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Cray by 27.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,364,591 shares of the technology company’s stock valued at $29,339,000 after purchasing an additional 291,591 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cray by 1.9% in the 2nd 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 purchasing an additional 25,498 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Cray by 10.2% in the 3rd quarter. Royce & Associates LP now owns 1,296,645 shares of the technology company’s stock valued at $27,878,000 after purchasing an additional 120,164 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Charles A. Morreale sold 30,518 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $26.06, for a total transaction of $795,299.08. Following the sale, the senior vice president now owns 75,747 shares of the company’s stock, valued at approximately $1,973,966.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian C. Henry sold 18,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $24.19, for a total transaction of $451,554.73. Following the sale, the vice president now directly owns 87,939 shares in the company, valued at approximately $2,127,244.41. The disclosure for this sale can be found here. Insiders have sold a total of 69,185 shares of company stock worth $1,748,654 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

CRAY has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. ValuEngine raised shares of Cray from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, BidaskClub raised shares of Cray from a “hold” rating to a “buy” rating in a research report on Saturday, November 17th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cray presently has an average rating of “Buy” and a consensus target price of $31.00.

CRAY traded up $0.01 during trading on Tuesday, reaching $26.16. 907 shares of the company’s stock were exchanged, compared to its average volume of 279,225. Cray Inc. has a 1 year low of $18.76 and a 1 year high of $28.60. The firm has a market capitalization of $1.07 billion, a PE ratio of -25.90 and a beta of 1.36.

Cray (NASDAQ:CRAY) last posted its quarterly earnings results on Tuesday, October 30th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.03). Cray had a negative return on equity of 10.56% and a negative net margin of 33.95%. The business had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $90.58 million. During the same period in the prior year, the business posted ($0.33) earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cray Inc. will post -1.5 EPS for the current fiscal year.

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About Cray

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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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)

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