Envestnet Asset Management Inc. Increases Stock Holdings in Materialise NV $MTLS

Envestnet Asset Management Inc. boosted its position in shares of Materialise NV (NASDAQ:MTLS) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,783 shares of the software maker’s stock after acquiring an additional 10,374 shares during the period. Envestnet Asset Management Inc.’s holdings in Materialise were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new position in Materialise in the 1st quarter valued at $75,000. Meritage Portfolio Management purchased a new stake in shares of Materialise in the second quarter worth $459,000. Roubaix Capital LLC bought a new stake in Materialise during the first quarter valued at $1,938,000. King Luther Capital Management Corp boosted its stake in Materialise by 169.4% during the first quarter. King Luther Capital Management Corp now owns 485,000 shares of the software maker’s stock valued at $2,386,000 after buying an additional 305,000 shares during the period. Finally, ARK Investment Management LLC grew its position in Materialise by 28.6% during the second quarter. ARK Investment Management LLC now owns 566,508 shares of the software maker’s stock worth $3,201,000 after buying an additional 125,948 shares in the last quarter. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Price Performance

Shares of Materialise stock opened at $5.97 on Friday. The firm has a market capitalization of $352.65 million, a PE ratio of 74.63 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Materialise NV has a 12 month low of $3.93 and a 12 month high of $9.69. The business’s 50-day moving average price is $5.88 and its 200-day moving average price is $5.55.

Materialise (NASDAQ:MTLS) last released its earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Materialise had a return on equity of 1.75% and a net margin of 1.65%.The company had revenue of $77.69 million during the quarter, compared to the consensus estimate of $65.35 million. Materialise has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Materialise NV will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research raised Materialise from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Materialise in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Materialise from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Materialise currently has a consensus rating of “Buy”.

Materialise Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.