Oppenheimer & Co. Inc. Boosts Holdings in Cray Inc (CRAY)
Oppenheimer & Co. Inc. boosted its holdings in shares of Cray Inc (NASDAQ:CRAY) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,500 shares of the technology company’s stock after acquiring an additional 10,500 shares during the quarter. Oppenheimer & Co. Inc. owned 0.23% of Cray worth $1,665,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CRAY. First Interstate Bank grew its holdings in Cray by 17.7% during the 1st quarter. First Interstate Bank now owns 6,065 shares of the technology company’s stock worth $133,000 after acquiring an additional 910 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Cray by 77.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,979 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3,479 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Cray by 3.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock valued at $177,000 after purchasing an additional 330 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Cray in the 1st quarter valued at $208,000. Finally, Mason Street Advisors LLC boosted its stake in shares of Cray by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock valued at $209,000 after purchasing an additional 621 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective on shares of Cray in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.50.
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Shares of Cray Inc (NASDAQ CRAY) opened at 19.00 on Thursday. Cray Inc has a one year low of $16.10 and a one year high of $25.32. The stock has a market capitalization of $762.98 million, a P/E ratio of 283.58 and a beta of 1.66. The stock has a 50 day moving average of $19.15 and a 200-day moving average of $19.06.
Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million during the quarter, compared to the consensus estimate of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. During the same period in the previous year, the company posted ($0.29) EPS. The firm’s revenue was down 13.1% on a year-over-year basis. Equities analysts forecast that Cray Inc will post ($1.13) earnings per share for the current year.
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.
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