BidaskClub upgraded shares of Cray (NASDAQ:CRAY) from a sell rating to a hold rating in a research note released on Friday morning.

A number of other brokerages have also commented on CRAY. ValuEngine upgraded Cray from a sell rating to a hold rating in a report on Tuesday, November 21st. TheStreet upgraded Cray from a d+ rating to a c- rating in a report on Monday, November 27th. Craig Hallum upgraded Cray from a hold rating to a buy rating in a report on Tuesday, November 21st. Zacks Investment Research lowered Cray from a strong-buy rating to a hold rating in a report on Friday, November 17th. Finally, KeyCorp restated a buy rating and issued a $24.00 price target on shares of Cray in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cray has an average rating of Buy and a consensus target price of $24.40.

Shares of Cray (NASDAQ CRAY) traded up $0.55 during trading on Friday, hitting $24.95. The stock had a trading volume of 864,645 shares, compared to its average volume of 271,758. The company has a market capitalization of $1,030.00, a price-to-earnings ratio of 348.57 and a beta of 1.69. Cray has a 12 month low of $16.10 and a 12 month high of $24.95.

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

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael Charles Piraino sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total value of $25,300.00. Following the completion of the sale, the senior vice president now owns 43,484 shares in the company, valued at approximately $1,000,132. The disclosure for this sale can be found here. Insiders have sold 74,005 shares of company stock worth $1,534,913 in the last quarter. 4.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in CRAY. Victory Capital Management Inc. raised its stake in Cray by 361.5% in the third quarter. Victory Capital Management Inc. now owns 904,640 shares of the technology company’s stock valued at $17,595,000 after buying an additional 708,613 shares during the period. Granite Investment Partners LLC bought a new stake in Cray in the third quarter valued at approximately $11,737,000. NWQ Investment Management Company LLC raised its stake 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 valued at $28,699,000 after buying an additional 590,325 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $36,064,000 after buying an additional 326,742 shares during the period. Finally, American Century Companies Inc. raised its stake in Cray by 45.6% in the second quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock valued at $17,154,000 after buying an additional 291,869 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

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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.

Analyst Recommendations for Cray (NASDAQ:CRAY)

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