Nationwide Fund Advisors Raises Position in Cray Inc. (NASDAQ:CRAY)

Nationwide Fund Advisors raised its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 76.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,875 shares of the technology company’s stock after buying an additional 21,143 shares during the period. Nationwide Fund Advisors owned about 0.12% of Cray worth $951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in Cray by 13.1% during the second quarter. Oppenheimer & Co. Inc. now owns 90,500 shares of the technology company’s stock valued at $1,665,000 after buying an additional 10,500 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Cray by 21.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 196,999 shares of the technology company’s stock valued at $3,625,000 after buying an additional 34,252 shares during the period. Teachers Advisors LLC boosted its position in Cray by 13.9% during the second quarter. Teachers Advisors LLC now owns 120,236 shares of the technology company’s stock valued at $2,212,000 after buying an additional 14,645 shares during the period. New York State Common Retirement Fund boosted its position in Cray by 24.0% during the second quarter. New York State Common Retirement Fund now owns 51,474 shares of the technology company’s stock valued at $947,000 after buying an additional 9,973 shares during the period. Finally, California Public Employees Retirement System boosted its position in Cray by 10.4% during the second quarter. California Public Employees Retirement System now owns 152,300 shares of the technology company’s stock valued at $2,802,000 after buying an additional 14,400 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

In other Cray news, SVP Michael Charles Piraino sold 1,100 shares of the firm’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 transaction of $25,300.00. Following the completion of the transaction, the senior vice president now owns 43,484 shares of the company’s stock, valued at $1,000,132. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles A. Morreale sold 42,680 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were 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. Over the last three months, insiders sold 74,005 shares of company stock valued at $1,534,913. 4.00% of the stock is owned by insiders.

Cray Inc. (NASDAQ:CRAY) opened at $25.55 on Friday. Cray Inc. has a one year low of $16.10 and a one year high of $26.65. The stock has a market cap of $1,033.19, a PE ratio of 69.05 and a beta of 1.69.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.49) by $0.16. Cray had a net margin of 2.71% and a return on equity of 0.73%. The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $59.67 million. During the same period in the prior year, the firm earned ($0.49) earnings per share. Cray’s revenue was up 2.9% on a year-over-year basis. equities analysts anticipate that Cray Inc. will post -1.14 EPS for the current fiscal year.

CRAY has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Cray from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. BidaskClub raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. ValuEngine raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Craig Hallum raised shares of Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Cray has an average rating of “Buy” and an average price target of $24.40.

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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.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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