California Public Employees Retirement System maintained its stake in Materialise NV (NASDAQ:MTLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,900 shares of the software maker’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned approximately 0.11% of Materialise NV worth $616,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MTLS. UBS Group AG grew its position in Materialise NV by 11,860.8% during the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock worth $716,000 after buying an additional 78,044 shares in the last quarter. Renaissance Technologies LLC grew its position in Materialise NV by 32.1% during the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock worth $869,000 after buying an additional 23,200 shares in the last quarter. K.J. Harrison & Partners Inc grew its position in Materialise NV by 57.0% during the second quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock worth $2,158,000 after buying an additional 66,000 shares in the last quarter. First Manhattan Co. acquired a new stake in Materialise NV during the second quarter worth approximately $111,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Materialise NV during the second quarter worth approximately $223,000. 12.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Materialise NV (MTLS) opened at $14.25 on Monday. Materialise NV has a twelve month low of $7.25 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.86.

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MTLS has been the topic of a number of analyst reports. Zacks Investment Research raised Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, September 1st. Piper Jaffray Companies reissued a “buy” rating and set a $20.00 price target on shares of Materialise NV in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and set a $18.00 price target on shares of Materialise NV in a research report on Friday, November 10th. Finally, Credit Suisse Group increased their price target on Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $15.40.

Materialise NV Profile

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.

Institutional Ownership by Quarter for Materialise NV (NASDAQ:MTLS)

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