Legal & General Group Plc increased its position in shares of Cray Inc (NASDAQ:CRAY) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,294 shares of the technology company’s stock after acquiring an additional 5,590 shares during the quarter. Legal & General Group Plc owned about 0.19% of Cray worth $1,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CRAY. BlackRock Inc. lifted its stake in shares of Cray by 141,789.6% during the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock valued at $110,032,000 after acquiring an additional 5,020,768 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cray by 8.7% during the first quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock valued at $76,682,000 after acquiring an additional 279,435 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Cray by 17.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,633,238 shares of the technology company’s stock valued at $35,768,000 after acquiring an additional 247,062 shares during the period. Horrell Capital Management Inc. lifted its stake in shares of Cray by 172.6% during the second quarter. Horrell Capital Management Inc. now owns 160,000 shares of the technology company’s stock valued at $2,944,000 after acquiring an additional 101,300 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Cray by 32.5% during the first quarter. Royce & Associates LP now owns 411,932 shares of the technology company’s stock valued at $9,021,000 after acquiring an additional 100,960 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on CRAY shares. Zacks Investment Research raised Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. ValuEngine raised Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of Cray in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.50.

Shares of Cray Inc (NASDAQ:CRAY) opened at 19.55 on Thursday. The company has a market cap of $785.07 million, a P/E ratio of 291.79 and a beta of 1.66. Cray Inc has a 12-month low of $16.10 and a 12-month high of $25.32. The company has a 50-day moving average price of $19.13 and a 200-day moving average price of $18.94.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.34. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The company had revenue of $87.10 million for the quarter, compared to the consensus estimate of $60.18 million. During the same quarter last year, the business posted ($0.29) EPS. Cray’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, analysts predict that Cray Inc will post ($1.13) earnings per share for the current year.

About Cray

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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