Dimensional Fund Advisors LP raised its position in Cray Inc. (NASDAQ:CRAY) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,304,245 shares of the company’s stock after buying an additional 139,136 shares during the period. Dimensional Fund Advisors LP owned about 3.28% of Cray worth $39,023,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in Cray by 37.0% in the first quarter. BlackRock Inc. now owns 3,017 shares of the company’s stock worth $127,000 after buying an additional 815 shares during the period. Invictus RG acquired a new stake in Cray during the first quarter worth $150,000. Acrospire Investment Management LLC increased 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 worth $117,000 after buying an additional 3,200 shares during the period. Springbok Capital Management LLC acquired a new stake in Cray during the first quarter worth $180,000. Finally, Riverhead Capital Management LLC acquired a new stake in Cray during the first quarter worth $218,000. 92.51% of the stock is owned by institutional investors and hedge funds.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.06. The company earned $100.20 million during the quarter, compared to the consensus estimate of $101.36 million. Cray had a net margin of 1.96% and a return on equity of 5.72%. Cray’s revenue for the quarter was down 46.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share.
A number of research firms recently weighed in on CRAY. Zacks Investment Research raised shares of Cray from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. KeyCorp dropped their price target on shares of Cray from $41.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, August 3rd. Stifel Nicolaus decreased their price objective on shares of Cray from $49.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, Pacific Crest initiated coverage on shares of Cray in a report on Thursday, July 28th. They set an “overweight” rating and a $41.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cray has a consensus rating of “Buy” and an average price target of $39.43.
In other Cray news, SVP Michael Charles Piraino sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $21.97, for a total value of $329,550.00. Following the transaction, the senior vice president now directly 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 through this link. Corporate insiders own 5.00% of the company’s stock.
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.
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