Rhumbline Advisers grew its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,046 shares of the technology company’s stock after purchasing an additional 12,833 shares during the quarter. Rhumbline Advisers owned approximately 0.25% of Cray worth $2,421,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Cray during the 3rd quarter worth $124,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Cray by 57.2% during the 3rd 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 period. Teacher Retirement System of Texas purchased a new position in shares of Cray during the 4th quarter worth $331,000. Levin Capital Strategies L.P. lifted its stake in shares of Cray by 31.1% during the 4th quarter. Levin Capital Strategies L.P. now owns 15,082 shares of the technology company’s stock worth $365,000 after purchasing an additional 3,580 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Cray during the 3rd quarter worth $375,000. 97.10% of the stock is currently owned by institutional investors.
In related news, SVP Michael Charles Piraino sold 18,900 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $22.01, for a total value of $415,989.00. Following the completion of the sale, the senior vice president now directly owns 59,884 shares in the company, valued at approximately $1,318,046.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter J. Ungaro sold 80,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $22.14, for a total value of $1,771,200.00. Following the completion of the sale, the chief executive officer now owns 342,207 shares of the company’s stock, valued at $7,576,462.98. The disclosure for this sale can be found here. Insiders sold a total of 116,400 shares of company stock worth $2,572,539 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.
Cray Inc. (NASDAQ:CRAY) opened at $21.50 on Tuesday. Cray Inc. has a 52-week low of $16.50 and a 52-week high of $26.65.
Cray (NASDAQ:CRAY) last issued its earnings results on Thursday, February 15th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $166.60 million for the quarter, compared to analyst estimates of $164.03 million. Cray had a negative return on equity of 8.51% and a negative net margin of 34.10%. The business’s quarterly revenue was down 51.9% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. equities analysts anticipate that Cray Inc. will post -0.82 EPS for the current fiscal year.
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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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