Private Advisor Group LLC raised its position in Materialise NV (NASDAQ:MTLS) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,702 shares of the software maker’s stock after purchasing an additional 980 shares during the period. Private Advisor Group LLC’s holdings in Materialise NV were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTLS. Wells Fargo & Company MN grew its holdings in Materialise NV by 17.6% in the first quarter. Wells Fargo & Company MN now owns 128,894 shares of the software maker’s stock valued at $1,173,000 after purchasing an additional 19,292 shares during the last quarter. Blair William & Co. IL acquired a new stake in Materialise NV in the first quarter valued at $599,000. Royce & Associates LP grew its holdings in Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after purchasing an additional 242,000 shares during the last quarter. UBS Group AG grew its holdings in Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock valued at $716,000 after purchasing an additional 78,044 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Materialise NV by 32.1% in the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock valued at $869,000 after purchasing an additional 23,200 shares during the last quarter. 10.86% of the stock is currently owned by institutional investors.

Shares of Materialise NV (NASDAQ:MTLS) opened at 14.24 on Friday. Materialise NV has a 1-year low of $6.28 and a 1-year high of $15.74.

Materialise NV (NASDAQ:MTLS) last announced its earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $33.61 million for the quarter, compared to analyst estimates of $31.90 million. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. Analysts anticipate that Materialise NV will post ($0.02) earnings per share for the current fiscal year.

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MTLS has been the topic of several research reports. Zacks Investment Research raised Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, September 1st. Credit Suisse Group upped their target price on Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Piper Jaffray Companies upped their target price on Materialise NV to $18.50 and gave the company an “overweight” rating in a report on Monday, July 31st. TheStreet raised Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. Finally, BidaskClub raised Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a buy rating, Materialise NV presently has a consensus rating of “Buy” and an average target price of $14.38.

Materialise NV Profile

Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.

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Institutional Ownership by Quarter for Materialise NV (NASDAQ:MTLS)

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