Shares of Cray Inc. (NASDAQ:CRAY) were down 1.5% during trading on Friday . The stock traded as low as $30.77 and last traded at $31.00, with a volume of 370,644 shares traded. The stock had previously closed at $31.48.

Several analysts have recently commented on CRAY shares. Stifel Nicolaus restated a “buy” rating and issued a $49.00 target price on shares of Cray in a research note on Wednesday, May 25th. Sidoti upgraded shares of Cray from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, April 19th. Craig Hallum cut shares of Cray from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a research note on Wednesday, May 4th. Needham & Company LLC cut shares of Cray from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Cray has a consensus rating of “Hold” and an average price target of $41.80.

The company’s 50 day moving average is $31.82 and its 200 day moving average is $36.06. The company has a market capitalization of $1.23 billion and a PE ratio of 39.74.

Cray (NASDAQ:CRAY) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.12. During the same quarter in the prior year, the company earned ($0.28) EPS. The company earned $105.50 million during the quarter, compared to the consensus estimate of $100.80 million. The business’s quarterly revenue was up 32.9% on a year-over-year basis. On average, equities analysts forecast that Cray Inc. will post $1.37 EPS for the current fiscal year.

In related news, Director Stephen C. Kiely sold 2,102 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $31.00, for a total value of $65,162.00. Following the completion of the transaction, the director now owns 20,390 shares in the company, valued at approximately $632,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC raised its position in shares of Cray by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 50,330 shares of the company’s stock worth $1,633,000 after buying an additional 1,000 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Cray by 1.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 959,500 shares of the company’s stock worth $31,136,000 after buying an additional 10,000 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Cray by 10.7% in the fourth quarter. TD Asset Management Inc. now owns 38,210 shares of the company’s stock worth $1,240,000 after buying an additional 3,700 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Cray by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 75,654 shares of the company’s stock worth $2,455,000 after buying an additional 1,200 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Cray by 9.9% in the fourth quarter. Rhumbline Advisers now owns 43,895 shares of the company’s stock worth $1,424,000 after buying an additional 3,940 shares in the last quarter.

Cray Inc designs, develops, manufactures, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Company provides software, system maintenance, support services and engineering services related to supercomputer systems.

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