Victory Capital Management Inc. raised its stake in Cray Inc. (NASDAQ:CRAY) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 959,960 shares of the technology company’s stock after acquiring an additional 55,320 shares during the period. Victory Capital Management Inc.’s holdings in Cray were worth $23,231,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Strs Ohio bought a new stake in Cray in the third quarter valued at $101,000. SG Americas Securities LLC bought a new stake in Cray in the third quarter valued at $124,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of Cray by 57.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,120 shares of the technology company’s stock worth $294,000 after purchasing an additional 5,500 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cray during the third quarter worth $375,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Cray during the third quarter worth $389,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of Cray Inc. (CRAY) opened at $22.15 on Monday. The company has a market capitalization of $895.70, a price-to-earnings ratio of 59.86 and a beta of 1.53. Cray Inc. has a 1-year low of $16.50 and a 1-year high of $26.65.

In other news, SVP Michael Charles Piraino sold 30,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $22.61, for a total transaction of $678,300.00. Following the transaction, the senior vice president now owns 72,384 shares of the company’s stock, valued at $1,636,602.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles A. Morreale sold 42,680 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total value of $826,711.60. The disclosure for this sale can be found here. Insiders have sold 73,780 shares of company stock worth $1,530,312 in the last 90 days. Company insiders own 4.00% of the company’s stock.

CRAY has been the topic of several research analyst reports. Zacks Investment Research upgraded Cray from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 17th. KeyCorp restated a “buy” rating and set a $24.00 target price on shares of Cray in a report on Wednesday, November 1st. Wells Fargo & Co initiated coverage on Cray in a report on Tuesday, November 14th. They set an “outperform” rating and a $26.00 target price on the stock. Craig Hallum upgraded Cray from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, ValuEngine upgraded Cray from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.80.

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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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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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