Cray Inc. (NASDAQ:CRAY) has been given an average recommendation of “Buy” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.75.
Several analysts have weighed in on CRAY shares. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. Wells Fargo & Co started coverage on shares of Cray in a research note on Tuesday, November 14th. They set an “outperform” rating and a $26.00 target price for the company. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. BidaskClub lowered shares of Cray from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Craig Hallum upgraded shares of Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st.
Shares of Cray (CRAY) opened at $25.15 on Friday. Cray has a 12 month low of $16.10 and a 12 month high of $26.65. The firm has a market cap of $1,020.00, a price-to-earnings ratio of 100.60 and a beta of 1.69.
In other news, SVP Michael Charles Piraino sold 1,100 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.00, for a total transaction of $25,300.00. Following the completion of the transaction, the senior vice president now owns 43,484 shares in the company, valued at $1,000,132. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charles A. Morreale sold 42,680 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold 74,005 shares of company stock valued at $1,534,913 in the last 90 days. Insiders own 4.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Cray by 361.5% in the third quarter. Victory Capital Management Inc. now owns 904,640 shares of the technology company’s stock worth $17,595,000 after purchasing an additional 708,613 shares during the period. Granite Investment Partners LLC acquired a new stake in Cray in the third quarter worth about $11,737,000. NWQ Investment Management Company LLC lifted its holdings in Cray by 66.7% in the third quarter. NWQ Investment Management Company LLC now owns 1,475,548 shares of the technology company’s stock worth $28,699,000 after purchasing an additional 590,325 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cray by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock worth $36,064,000 after purchasing an additional 326,742 shares during the period. Finally, Senvest Management LLC acquired a new stake in Cray in the second quarter worth about $4,600,000. Institutional investors and hedge funds own 96.29% of the company’s stock.
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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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