Strs Ohio Has $936,000 Position in Cray Inc. (CRAY)
Strs Ohio increased its position in Cray Inc. (NASDAQ:CRAY) by 20.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,300 shares of the company’s stock after buying an additional 5,300 shares during the period. Strs Ohio’s holdings in Cray were worth $936,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Riverhead Capital Management LLC bought a new position in Cray during the first quarter worth $218,000. Capital Growth Management LP bought a new position in Cray during the first quarter worth $1,257,000. UBS Group AG increased its position in Cray by 858.5% in the first quarter. UBS Group AG now owns 21,615 shares of the company’s stock worth $906,000 after buying an additional 19,360 shares in the last quarter. Meeder Asset Management Inc. increased its position in Cray by 608.7% in the first quarter. Meeder Asset Management Inc. now owns 7,101 shares of the company’s stock worth $298,000 after buying an additional 6,099 shares in the last quarter. Finally, State Street Corp increased its position in Cray by 20.1% in the first quarter. State Street Corp now owns 819,747 shares of the company’s stock worth $34,358,000 after buying an additional 137,100 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.
Cray Inc. (NASDAQ:CRAY) traded up 0.24% during midday trading on Friday, reaching $21.18. 215,997 shares of the company were exchanged. Cray Inc. has a one year low of $20.61 and a one year high of $43.79. The firm has a market cap of $843.20 million, a P/E ratio of 67.24 and a beta of 1.39. The firm’s 50-day moving average is $22.98 and its 200-day moving average is $29.96.
Cray (NASDAQ:CRAY) last released its earnings results on Tuesday, August 2nd. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.06. The firm earned $100.20 million during the quarter, compared to analysts’ expectations of $101.36 million. Cray had a return on equity of 5.72% and a net margin of 1.96%. The business’s revenue was down 46.2% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. On average, equities analysts expect that Cray Inc. will post $0.45 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. KeyCorp cut their price target on shares of 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 cut their price target on shares of Cray from $49.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Pacific Crest assumed coverage on shares of Cray in a research note on Thursday, July 28th. They set an “overweight” rating and a $41.00 price target on the stock. Finally, Zacks Investment Research raised shares of Cray from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $39.43.
In other news, SVP Michael Charles Piraino sold 15,000 shares of Cray stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $21.97, for a total value of $329,550.00. Following the transaction, the senior vice president now directly owns 63,937 shares of the company’s stock, valued at $1,404,695.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.00% of the stock is currently owned by 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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