Trellus Management Company LLC reduced its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the technology company’s stock after selling 5,000 shares during the quarter. Trellus Management Company LLC’s holdings in Cray were worth $323,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CRAY. JPMorgan Chase & Co. boosted its stake in shares of Cray by 13.5% during the 1st quarter. JPMorgan Chase & Co. now owns 104,621 shares of the technology company’s stock valued at $2,165,000 after buying an additional 12,419 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Cray by 19.2% during the 1st quarter. Russell Investments Group Ltd. now owns 14,269 shares of the technology company’s stock valued at $295,000 after buying an additional 2,300 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Cray during the 1st quarter valued at approximately $556,000. Principal Financial Group Inc. boosted its stake in shares of Cray by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 310,242 shares of the technology company’s stock valued at $6,422,000 after buying an additional 7,643 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Cray during the 2nd quarter valued at approximately $230,000. Institutional investors own 97.61% of the company’s stock.
Several equities analysts have recently commented on the company. BidaskClub upgraded Cray from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. ValuEngine upgraded Cray from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research cut Cray from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Cray presently has a consensus rating of “Buy” and an average target price of $31.00.
Shares of CRAY opened at $25.00 on Thursday. Cray Inc. has a 12-month low of $18.10 and a 12-month high of $28.60. The firm has a market cap of $991.92 million, a P/E ratio of -24.75 and a beta of 1.35.
Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $92.80 million for the quarter, compared to the consensus estimate of $90.58 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that Cray Inc. will post -1.55 EPS for the current fiscal year.
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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