Materialise NV $MTLS Shares Sold by Renaissance Group LLC

Renaissance Group LLC decreased its holdings in Materialise NV (NASDAQ:MTLS) by 45.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,410 shares of the software maker’s stock after selling 108,469 shares during the quarter. Renaissance Group LLC’s holdings in Materialise were worth $715,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Materialise in the first quarter worth approximately $75,000. Meritage Portfolio Management acquired a new position in shares of Materialise in the 2nd quarter valued at $459,000. ARK Investment Management LLC grew its stake in shares of Materialise by 28.6% during the 2nd quarter. ARK Investment Management LLC now owns 566,508 shares of the software maker’s stock valued at $3,201,000 after buying an additional 125,948 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Materialise by 7.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 149,783 shares of the software maker’s stock worth $846,000 after buying an additional 10,374 shares during the last quarter. Finally, AMH Equity Ltd raised its position in shares of Materialise by 88.8% in the 2nd quarter. AMH Equity Ltd now owns 207,661 shares of the software maker’s stock worth $1,173,000 after buying an additional 97,661 shares during the period. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Trading Up 6.8%

Shares of NASDAQ MTLS opened at $5.51 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. Materialise NV has a 1-year low of $3.93 and a 1-year high of $9.69. The business has a 50-day moving average of $5.66 and a 200-day moving average of $5.61.

Analysts Set New Price Targets

MTLS has been the subject of a number of research reports. Zacks Research downgraded Materialise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen upgraded Materialise from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Materialise in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Materialise currently has an average rating of “Hold”.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.