Mutual of America Capital Management LLC Buys 37,473 Shares of Cray Inc. (CRAY)

Mutual of America Capital Management LLC boosted its stake in Cray Inc. (NASDAQ:CRAY) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,064 shares of the technology company’s stock after acquiring an additional 37,473 shares during the period. Mutual of America Capital Management LLC owned 0.62% of Cray worth $5,484,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in Cray by 5.1% during the 3rd quarter. BlackRock Inc. now owns 5,800,460 shares of the technology company’s stock worth $124,710,000 after purchasing an additional 279,746 shares during the period. State of New Jersey Common Pension Fund D increased its position in Cray by 11.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,560,000 shares of the technology company’s stock worth $33,540,000 after purchasing an additional 160,000 shares during the period. Victory Capital Management Inc. increased its position in Cray by 27.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,364,591 shares of the technology company’s stock worth $29,339,000 after purchasing an additional 291,591 shares during the period. Bank of New York Mellon Corp increased its position in Cray by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,354,936 shares of the technology company’s stock worth $33,329,000 after purchasing an additional 25,498 shares during the period. Finally, Royce & Associates LP increased its position in Cray by 10.2% during the 3rd quarter. Royce & Associates LP now owns 1,296,645 shares of the technology company’s stock worth $27,878,000 after purchasing an additional 120,164 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

In other news, SVP Michael Charles Piraino sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $25.09, for a total transaction of $501,800.00. Following the sale, the senior vice president now owns 68,230 shares of the company’s stock, valued at approximately $1,711,890.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian C. Henry sold 18,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $24.19, for a total value of $451,554.73. Following the sale, the vice president now directly owns 87,939 shares in the company, valued at approximately $2,127,244.41. The disclosure for this sale can be found here. Insiders have sold a total of 69,185 shares of company stock worth $1,748,654 in the last three months. Corporate insiders own 4.10% of the company’s stock.

Shares of NASDAQ:CRAY opened at $23.87 on Friday. Cray Inc. has a 12 month low of $18.76 and a 12 month high of $28.60.

Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.03). The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $90.58 million. Cray had a negative return on equity of 10.56% and a negative net margin of 33.95%. Cray’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. On average, equities research analysts anticipate that Cray Inc. will post -1.5 earnings per share for the current year.

Several equities research analysts have recently commented on the company. BidaskClub raised Cray from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. ValuEngine raised Cray from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.00.

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About Cray

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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