Millennium Management LLC purchased a new position in shares of Materialise NV (NASDAQ:MTLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,005 shares of the software maker’s stock, valued at approximately $203,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LA Financiere DE L Echiquier boosted its position in shares of Materialise by 28.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 825,386 shares of the software maker’s stock worth $10,491,000 after buying an additional 183,648 shares during the period. ARK Investment Management LLC boosted its position in shares of Materialise by 51.4% during the fourth quarter. ARK Investment Management LLC now owns 738,284 shares of the software maker’s stock worth $9,384,000 after buying an additional 250,608 shares during the period. Royce & Associates LP boosted its position in shares of Materialise by 5.5% during the fourth quarter. Royce & Associates LP now owns 478,577 shares of the software maker’s stock worth $6,083,000 after buying an additional 25,000 shares during the period. Driehaus Capital Management LLC boosted its position in shares of Materialise by 14.5% during the fourth quarter. Driehaus Capital Management LLC now owns 335,694 shares of the software maker’s stock worth $4,267,000 after buying an additional 42,618 shares during the period. Finally, Advisory Research Inc. boosted its position in shares of Materialise by 96.5% during the fourth quarter. Advisory Research Inc. now owns 86,299 shares of the software maker’s stock worth $1,097,000 after buying an additional 42,391 shares during the period. Institutional investors and hedge funds own 10.94% of the company’s stock.
Materialise opened at $12.40 on Friday, MarketBeat reports. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 1.08. Materialise NV has a 12-month low of $11.23 and a 12-month high of $16.50. The firm has a market capitalization of $588.26 million, a P/E ratio of -310.00, a P/E/G ratio of 5.65 and a beta of 1.61.
Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, March 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Materialise had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $43.70 million. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue was up 41.9% compared to the same quarter last year. equities research analysts predict that Materialise NV will post 0.11 earnings per share for the current year.
Several research analysts have recently commented on the company. ValuEngine lowered Materialise from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Zacks Investment Research upgraded Materialise from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Materialise currently has an average rating of “Buy” and an average price target of $16.75.
Materialise Company Profile
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, and Asia. The company's Materialise Software segment offers proprietary software worldwide through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
Want to see what other hedge funds are holding MTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materialise NV (NASDAQ:MTLS).
Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.