Cray Inc. (NASDAQ:CRAY) was up 3.3% on Thursday . The company traded as high as $31.99 and last traded at $31.65, with a volume of 208,112 shares traded. The stock had previously closed at $30.64.

A number of equities research analysts have weighed in on CRAY shares. Stifel Nicolaus reissued a “buy” rating and set a $49.00 target price on shares of Cray in a report on Wednesday, May 25th. Sidoti raised shares of Cray from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, April 19th. Craig Hallum lowered 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 report on Wednesday, May 4th. Needham & Company LLC lowered shares of Cray from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.67.

The stock has a market cap of $1.25 billion and a P/E ratio of 40.46. The company’s 50 day moving average price is $30.88 and its 200-day moving average price is $36.01.

Cray (NASDAQ:CRAY) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.12. The firm earned $105.50 million during the quarter, compared to analyst estimates of $100.80 million. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.28) earnings per share. On average, equities research analysts anticipate that Cray Inc. will post $1.41 earnings per share for the current year.

In related news, Director Stephen C. Kiely sold 2,102 shares of Cray stock in a transaction dated Thursday, May 5th. The stock was 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 directly owns 20,390 shares in the company, valued at $632,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors recently modified their holdings of the stock. TD Asset Management Inc. increased 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 during the last quarter. Rhumbline Advisers increased 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 during the last quarter. Dorsey & Whitney Trust CO LLC increased 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 during the last quarter. New York State Common Retirement Fund increased its position in shares of Cray by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 55,992 shares of the company’s stock worth $1,817,000 after buying an additional 1,700 shares during the last quarter. Finally, California State Teachers Retirement System increased 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 during 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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