Royce & Associates LP boosted its stake in shares of Cray Inc (NASDAQ:CRAY) by 24.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,632 shares of the technology company’s stock after buying an additional 98,700 shares during the period. Royce & Associates LP owned about 1.27% of Cray worth $9,396,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Cray by 141,789.6% in the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock valued at $110,032,000 after buying an additional 5,020,768 shares in the last quarter. Vanguard Group Inc. increased its position in Cray by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock valued at $76,682,000 after buying an additional 279,435 shares in the last quarter. Wells Fargo & Company MN increased its position in Cray by 2.9% in the first quarter. Wells Fargo & Company MN now owns 1,665,706 shares of the technology company’s stock valued at $36,479,000 after buying an additional 46,512 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Cray by 17.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,633,238 shares of the technology company’s stock valued at $35,768,000 after buying an additional 247,062 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in 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 valued at $27,140,000 after buying an additional 20,000 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Shares of Cray Inc (NASDAQ CRAY) opened at 18.75 on Friday. The stock has a market cap of $752.94 million, a PE ratio of 279.85 and a beta of 1.67. Cray Inc has a 52 week low of $16.10 and a 52 week high of $25.32. The firm has a 50-day moving average price of $19.16 and a 200-day moving average price of $19.15.

Cray (NASDAQ:CRAY) last issued its earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million during the quarter, compared to analyst estimates of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The business’s revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.29) EPS. On average, analysts forecast that Cray Inc will post ($1.13) earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on CRAY shares. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of Cray in a research report on Wednesday, August 16th. BidaskClub downgraded Cray from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. ValuEngine raised Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

About Cray

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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