Wells Fargo & Company MN Buys 18,506 Shares of Materialise NV (MTLS)
Wells Fargo & Company MN increased its stake in shares of Materialise NV (NASDAQ:MTLS) by 15.0% in the third quarter, Holdings Channel reports. The institutional investor owned 142,264 shares of the software maker’s stock after acquiring an additional 18,506 shares during the period. Wells Fargo & Company MN’s holdings in Materialise were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of MTLS. Symmetry Peak Management LLC bought a new position in Materialise during the 2nd quarter worth $119,000. Private Advisor Group LLC grew its stake in Materialise by 5.5% during the 2nd quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock worth $237,000 after buying an additional 980 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in Materialise during the 2nd quarter worth $283,000. Essex Investment Management Co. LLC bought a new position in Materialise during the 3rd quarter worth $504,000. Finally, Bank of New York Mellon Corp grew its stake in Materialise by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock worth $829,000 after buying an additional 14,233 shares during the last quarter. Hedge funds and other institutional investors own 11.31% of the company’s stock.
Materialise NV (NASDAQ:MTLS) opened at $13.18 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.86. Materialise NV has a 12-month low of $7.66 and a 12-month high of $16.50. The stock has a market capitalization of $652.15, a price-to-earnings ratio of -188.26, a price-to-earnings-growth ratio of 3.45 and a beta of 1.74.
A number of research analysts recently commented on the company. BidaskClub upgraded Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded Materialise from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. KeyCorp restated a “buy” rating and set a $18.00 price objective on shares of Materialise in a research note on Friday, November 10th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $20.00 price objective on shares of Materialise in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Materialise has a consensus rating of “Hold” and an average target price of $16.75.
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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