Paradigm Capital Management Inc. NY decreased its holdings in shares of Cray Inc (NASDAQ:CRAY) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 980,900 shares of the technology company’s stock after selling 10,000 shares during the quarter. Cray makes up approximately 1.7% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 23rd biggest holding. Paradigm Capital Management Inc. NY owned 2.43% of Cray worth $19,079,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Cray by 141,789.6% during the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock worth $110,032,000 after acquiring an additional 5,020,768 shares during the period. Vanguard Group Inc. raised its stake in Cray by 3.4% during the second quarter. Vanguard Group Inc. now owns 3,620,407 shares of the technology company’s stock worth $66,615,000 after acquiring an additional 118,976 shares during the period. Dimensional Fund Advisors LP raised its stake in Cray by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock worth $36,064,000 after acquiring an additional 326,742 shares during the period. State of New Jersey Common Pension Fund D grew its position in Cray by 1.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,475,000 shares of the technology company’s stock worth $27,140,000 after purchasing an additional 20,000 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Cray by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 989,616 shares of the technology company’s stock worth $19,248,000 after purchasing an additional 57,313 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Cray Inc (NASDAQ:CRAY) traded up $0.25 during trading on Friday, hitting $19.25. 124,000 shares of the stock traded hands, compared to its average volume of 304,308. The company has a market capitalization of $778.43, a PE ratio of 275.00 and a beta of 1.64. Cray Inc has a twelve month low of $16.10 and a twelve month high of $22.55.
Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.16. The business had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted ($0.49) earnings per share. analysts expect that Cray Inc will post -1.19 earnings per share for the current year.
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CRAY has been the subject of several recent analyst reports. BidaskClub upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of Cray in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Cray from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, October 17th. Finally, KeyCorp restated a “buy” rating and issued a $24.00 target price on shares of Cray in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $24.00.
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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