Disciplined Growth Investors Inc. MN lifted its stake in shares of Materialise NV (NASDAQ:MTLS) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 953,996 shares of the software maker’s stock after purchasing an additional 350 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in Materialise NV were worth $11,324,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of Materialise NV during the 2nd quarter worth approximately $106,000. First Manhattan Co. purchased a new position in Materialise NV in the 2nd quarter valued at approximately $111,000. Symmetry Peak Management LLC purchased a new position in Materialise NV in the 2nd quarter valued at approximately $119,000. Private Advisor Group LLC grew its stake in Materialise NV by 5.5% in the 2nd quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock valued at $237,000 after buying an additional 980 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Materialise NV in the 2nd quarter valued at approximately $223,000. Institutional investors own 10.86% of the company’s stock.

Materialise NV (NASDAQ MTLS) traded up 5.32% on Friday, reaching $16.13. 68,101 shares of the company were exchanged. The firm’s market capitalization is $763.35 million. Materialise NV has a 12-month low of $6.28 and a 12-month high of $16.50. The firm has a 50-day moving average of $14.18 and a 200 day moving average of $12.69.

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

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A number of research analysts recently weighed in on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 price objective on shares of Materialise NV in a research note on Friday. Zacks Investment Research upgraded shares of Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, September 7th. Credit Suisse Group lifted their price objective on shares of Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $14.75.

About Materialise NV

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.

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

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