Systematic Financial Management LP Has $1,751,000 Stake in Cray Inc. (CRAY)
Systematic Financial Management LP increased its position in Cray Inc. (NASDAQ:CRAY) by 51.4% during the second quarter, Holdings Channel reports. The institutional investor owned 58,555 shares of the company’s stock after buying an additional 19,875 shares during the period. Systematic Financial Management LP owned 0.15% of Cray worth $1,751,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Cray by 145.6% in the first quarter. BlackRock Fund Advisors now owns 2,520,569 shares of the company’s stock worth $105,637,000 after buying an additional 1,494,255 shares in the last quarter. Amerigo Asset Management acquired a new stake in Cray during the second quarter worth $24,099,000. Norges Bank acquired a new stake in Cray during the fourth quarter worth $16,931,000. Teachers Advisors Inc. boosted its stake in Cray by 443.1% in the first quarter. Teachers Advisors Inc. now owns 512,147 shares of the company’s stock worth $21,464,000 after buying an additional 417,852 shares during the period. Finally, Bogle Investment Management L P DE acquired a new stake in Cray during the first quarter worth $12,018,000. Institutional investors own 92.65% of the company’s stock.
Cray Inc. (NASDAQ:CRAY) traded up 9.47% on Friday, reaching $24.85. The company’s stock had a trading volume of 855,514 shares. The firm has a market cap of $989.30 million, a price-to-earnings ratio of 78.89 and a beta of 1.37. Cray Inc. has a 12 month low of $19.02 and a 12 month high of $43.79. The firm has a 50 day moving average of $22.53 and a 200 day moving average of $31.94.
Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.06. Cray had a net margin of 1.96% and a return on equity of 5.72%. The firm earned $100.20 million during the quarter, compared to analyst estimates of $101.36 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was down 46.2% on a year-over-year basis. Analysts anticipate that Cray Inc. will post $0.45 earnings per share for the current year.
CRAY has been the topic of a number of research analyst reports. Zacks Investment Research cut Cray from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. KeyCorp dropped their price target on Cray from $41.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Stifel Nicolaus dropped their price target on Cray from $49.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Finally, Pacific Crest initiated coverage on Cray in a research note on Thursday, July 28th. They issued an “overweight” rating and a $41.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.43.
In other Cray news, SVP Michael Charles Piraino sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $21.97, for a total value of $329,550.00. Following the completion of the sale, the senior vice president now owns 63,937 shares of the company’s stock, valued at $1,404,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is owned by company insiders.
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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