Stoneridge Investment Partners LLC purchased a new position in Cray Inc (NASDAQ:CRAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,443 shares of the technology company’s stock, valued at approximately $413,000. Stoneridge Investment Partners LLC owned about 0.06% of Cray at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRAY. Sei Investments Co. raised its stake in shares of Cray by 41.3% in the second quarter. Sei Investments Co. now owns 46,672 shares of the technology company’s stock worth $859,000 after buying an additional 13,645 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Cray by 1.4% in the second 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 buying an additional 20,000 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake 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 worth $177,000 after buying an additional 330 shares during the last quarter. Horrell Capital Management Inc. raised its stake in shares of Cray by 172.6% in the second quarter. Horrell Capital Management Inc. now owns 160,000 shares of the technology company’s stock worth $2,944,000 after buying an additional 101,300 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake 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 worth $146,000 after buying an additional 3,479 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Cray Inc (CRAY) opened at 19.80 on Friday. The firm’s 50 day moving average is $18.89 and its 200 day moving average is $19.06. Cray Inc has a 12-month low of $16.10 and a 12-month high of $25.32. The company has a market cap of $795.11 million, a P/E ratio of 295.52 and a beta of 1.62.

Cray (NASDAQ:CRAY) last released 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 company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $60.18 million. During the same quarter in the previous year, the company earned ($0.29) earnings per share. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities research analysts anticipate that Cray Inc will post ($1.18) EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. BidaskClub upgraded Cray from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine raised shares of Cray from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. TheStreet downgraded shares of Cray from a “c” rating to a “d+” rating in a report on Wednesday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective (down previously from $25.00) on shares of Cray in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Cray presently has a consensus rating of “Hold” and a consensus target price of $26.50.

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.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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