BNP Paribas Arbitrage SA cut its stake in Cray Inc. (NASDAQ:CRAY) by 89.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,175 shares of the company’s stock after selling 55,081 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cray were worth $145,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in Cray by 457.1% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock valued at $117,000 after buying an additional 3,200 shares during the last quarter. BlackRock Inc. raised its stake in Cray by 30.5% in the second quarter. BlackRock Inc. now owns 3,936 shares of the company’s stock valued at $118,000 after buying an additional 919 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Cray by 3,382.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,666 shares of the company’s stock valued at $140,000 after buying an additional 4,532 shares during the last quarter. Invictus RG purchased a new stake in Cray during the first quarter valued at $150,000. Finally, PineBridge Investments L.P. raised its stake in Cray by 4.0% in the second quarter. PineBridge Investments L.P. now owns 5,169 shares of the company’s stock valued at $154,000 after buying an additional 198 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.
Cray (NASDAQ:CRAY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.23) by $0.06. The company earned $100.20 million during the quarter, compared to analyst estimates of $101.36 million. Cray had a net margin of 1.96% and a return on equity of 5.72%. The company’s quarterly revenue was down 46.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS.
CRAY has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of Cray from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. KeyCorp reduced their price target on shares of Cray from $41.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Finally, Pacific Crest initiated coverage on shares of Cray in a research report on Thursday, July 28th. They set an “overweight” rating and a $41.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cray presently has an average rating of “Buy” and an average target price of $39.43.
In other news, SVP Michael Charles Piraino sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $21.97, for a total value of $329,550.00. Following the completion of the sale, the senior vice president now owns 63,937 shares of the company’s stock, valued at approximately $1,404,695.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by insiders.
Cray Company Profile
Cray Inc designs, develops, manufactures, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Company provides software, system maintenance, support services and engineering services related to supercomputer systems.
Want to see what other hedge funds are holding CRAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cray Inc. (NASDAQ:CRAY).
Receive News & Ratings for Cray Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cray Inc. and related companies with MarketBeat.com's FREE daily email newsletter.