Prudential Financial Inc. reduced its stake in shares of Cray Inc (NASDAQ:CRAY) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,282 shares of the technology company’s stock after selling 2,410 shares during the quarter. Prudential Financial Inc. owned approximately 0.17% of Cray worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Cray by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 7,979 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3,479 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Cray by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock valued at $177,000 after purchasing an additional 330 shares during the last quarter. Mason Street Advisors LLC grew its stake in Cray by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock valued at $209,000 after purchasing an additional 621 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Cray by 59.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock valued at $246,000 after purchasing an additional 5,001 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in Cray in the first quarter valued at about $287,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

A number of brokerages have commented on CRAY. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub cut shares of Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of Cray in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Cray currently has an average rating of “Hold” and an average price target of $24.50.

Cray Inc (CRAY) opened at 19.65 on Wednesday. The stock has a market capitalization of $789.09 million, a price-to-earnings ratio of 293.28 and a beta of 1.64. Cray Inc has a 12-month low of $16.10 and a 12-month high of $23.63. The firm has a 50-day moving average of $18.88 and a 200 day moving average of $18.87.

Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.34. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The business had revenue of $87.10 million during the quarter, compared to the consensus estimate of $60.18 million. During the same period in the previous year, the company posted ($0.29) earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, analysts predict that Cray Inc will post ($1.13) earnings per share for the current fiscal year.

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Cray Company Profile

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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