Maven Securities LTD purchased a new stake in Cray Inc. (NASDAQ:CRAY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 109,997 shares of the technology company’s stock, valued at approximately $3,821,000. Cray accounts for 2.5% of Maven Securities LTD’s investment portfolio, making the stock its 13th biggest position. Maven Securities LTD owned 0.27% of Cray at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRAY. State of New Jersey Common Pension Fund D boosted its holdings in Cray by 4.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,568,607 shares of the technology company’s stock worth $54,619,000 after purchasing an additional 68,607 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in Cray during the 2nd quarter worth about $36,115,000. Granite Investment Partners LLC lifted its position in Cray by 14.9% during the 1st quarter. Granite Investment Partners LLC now owns 750,610 shares of the technology company’s stock worth $19,553,000 after buying an additional 97,108 shares in the last quarter. Emerald Advisers LLC boosted its stake in shares of Cray by 0.8% during the 2nd quarter. Emerald Advisers LLC now owns 700,884 shares of the technology company’s stock worth $24,405,000 after buying an additional 5,321 shares during the last quarter. Finally, Water Island Capital LLC acquired a new position in shares of Cray during the 2nd quarter worth about $19,177,000. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on CRAY shares. Craig Hallum lowered Cray from a “buy” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine upgraded Cray from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. BidaskClub cut Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, TheStreet downgraded Cray from a “c-” rating to a “d” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Cray stock traded down $0.01 during midday trading on Wednesday, reaching $34.95. 45,197 shares of the company’s stock were exchanged, compared to its average volume of 461,739. The stock’s 50-day simple moving average is $34.77 and its 200 day simple moving average is $31.24. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -24.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.14 and a current ratio of 2.89. Cray Inc. has a 52 week low of $18.76 and a 52 week high of $36.64.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Friday, August 2nd. The technology company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.12). The business had revenue of $68.70 million during the quarter, compared to the consensus estimate of $72.15 million. Cray had a negative net margin of 27.17% and a negative return on equity of 26.31%. Research analysts forecast that Cray Inc. will post -2.29 earnings per share for the current year.

Cray Company Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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