State of New Jersey Common Pension Fund D boosted its stake in shares of Cray Inc (NASDAQ:CRAY) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,475,000 shares of the technology company’s stock after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cray were worth $27,140,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. First Interstate Bank boosted its position in shares of Cray by 17.7% in the first quarter. First Interstate Bank now owns 6,065 shares of the technology company’s stock valued at $133,000 after buying an additional 910 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Cray by 77.3% in 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 buying an additional 3,479 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Cray during the first quarter valued at about $208,000. Mason Street Advisors LLC boosted its position in shares of 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 buying an additional 621 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of 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 buying an additional 330 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.
Cray Inc (NASDAQ:CRAY) opened at 19.95 on Friday. The firm has a market capitalization of $801.13 million, a PE ratio of 297.76 and a beta of 1.62. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $18.95. Cray Inc has a 1-year low of $16.10 and a 1-year high of $25.32.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.34. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. The business had revenue of $87.10 million for the quarter, compared to analysts’ expectations of $60.18 million. During the same period in the previous year, the business earned ($0.29) earnings per share. The company’s revenue was down 13.1% on a year-over-year basis. Equities research analysts forecast that Cray Inc will post ($1.18) EPS for the current year.
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Several equities analysts have issued reports on the stock. BidaskClub raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 price target (down from $25.00) on shares of Cray in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, TheStreet cut shares of Cray from a “c” rating to a “d+” rating in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.50.
In related news, Director Stephen C. Kiely sold 2,000 shares of Cray stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the sale, the director now directly owns 20,675 shares in the company, valued at $383,521.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is owned by insiders.
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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