Cray Inc (NASDAQ:CRAY) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Cray from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a report on Friday, November 3rd. BidaskClub cut Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. KeyCorp reaffirmed a “buy” rating and issued a $24.00 price target on shares of Cray in a report on Wednesday, November 1st. Craig Hallum raised Cray from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price target on shares of Cray in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.40.

Shares of Cray (NASDAQ CRAY) traded up $1.95 on Tuesday, reaching $23.30. The company had a trading volume of 866,325 shares, compared to its average volume of 367,055. The stock has a market cap of $944.23, a PE ratio of 296.43 and a beta of 1.64. Cray has a twelve month low of $16.10 and a twelve month high of $24.25.

Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.16. Cray had a return on equity of 0.73% and a net margin of 2.71%. The business had revenue of $79.70 million for the quarter, compared to analysts’ expectations of $59.67 million. During the same quarter in the prior year, the firm posted ($0.49) EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts forecast that Cray will post -1.14 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/11/21/valuengine-upgrades-cray-inc-cray-to-hold.html.

In other news, SVP Charles A. Morreale sold 42,680 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total transaction of $826,711.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in CRAY. BlackRock Inc. grew its position in Cray by 141,789.6% during the 1st quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock worth $110,032,000 after acquiring an additional 5,020,768 shares during the last quarter. Vanguard Group Inc. grew its position in Cray by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,620,407 shares of the technology company’s stock worth $66,615,000 after acquiring an additional 118,976 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cray by 15.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,264,358 shares of the technology company’s stock worth $44,042,000 after acquiring an additional 304,378 shares during the last quarter. NWQ Investment Management Company LLC grew its position in Cray by 66.7% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,475,548 shares of the technology company’s stock worth $28,699,000 after acquiring an additional 590,325 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Cray by 1.4% during the 2nd 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 acquiring an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cray (NASDAQ:CRAY)

Receive News & Ratings for Cray Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cray Inc and related companies with MarketBeat.com's FREE daily email newsletter.