Goldman Sachs Group Inc. Reduces Position in Cray Inc (NASDAQ:CRAY)

Goldman Sachs Group Inc. reduced its position in shares of Cray Inc (NASDAQ:CRAY) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,971 shares of the technology company’s stock after selling 1,521 shares during the period. Goldman Sachs Group Inc. owned approximately 0.30% of Cray worth $2,605,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in Cray by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the technology company’s stock valued at $364,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in Cray by 1.0% in the first quarter. Arizona State Retirement System now owns 21,200 shares of the technology company’s stock valued at $464,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC raised its stake in Cray by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock valued at $209,000 after buying an additional 621 shares during the period. US Bancorp DE raised its stake in Cray by 5.6% in the first quarter. US Bancorp DE now owns 13,166 shares of the technology company’s stock valued at $289,000 after buying an additional 700 shares during the period. Finally, Legal & General Group Plc raised its stake in Cray by 1.0% in the first quarter. Legal & General Group Plc now owns 70,704 shares of the technology company’s stock valued at $1,548,000 after buying an additional 734 shares during the period. Institutional investors and hedge funds own 96.24% of the company’s stock.

Cray Inc (NASDAQ CRAY) opened at 18.20 on Friday. The company has a market capitalization of $730.86 million, a PE ratio of 271.64 and a beta of 1.62. Cray Inc has a 12-month low of $16.10 and a 12-month high of $25.32. The stock has a 50 day moving average of $19.03 and a 200 day moving average of $19.15.

Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.34. The business had revenue of $87.10 million during the quarter, compared to analyst estimates of $60.18 million. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) EPS. On average, equities research analysts predict that Cray Inc will post ($1.13) EPS for the current year.

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Several research analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of Cray in a research report on Wednesday. BidaskClub upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of Cray from a “c” rating to a “d+” rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Cray presently has a consensus rating of “Hold” and a consensus price target of $24.50.

About Cray

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.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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