ValuEngine upgraded shares of Cray Inc (NASDAQ:CRAY) from a sell rating to a hold rating in a report issued on Tuesday.

CRAY has been the topic of several other research reports. Craig Hallum upgraded shares of Cray from a hold rating to a buy rating in a research report on Tuesday. KeyCorp restated a buy rating and issued a $24.00 price target on shares of Cray in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Cray from a strong sell rating to a sell rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Cray from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Wednesday, October 25th. Finally, Wells Fargo & Company began coverage on shares of Cray in a research report on Tuesday, November 14th. They set an outperform rating and a $26.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $24.40.

Cray (NASDAQ:CRAY) opened at $22.80 on Tuesday. The stock has a market cap of $921.99, a P/E ratio of 332.14 and a beta of 1.64. Cray has a 12-month low of $16.10 and a 12-month high of $24.25.

Cray (NASDAQ:CRAY) last posted its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.16. The firm had revenue of $79.70 million for the quarter, compared to analyst estimates of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.49) earnings per share. research analysts forecast that Cray will post -1.14 earnings per share for the current fiscal year.

In other Cray news, SVP Charles A. Morreale sold 42,680 shares of Cray 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in Cray during the 3rd quarter worth approximately $101,000. SG Americas Securities LLC purchased a new position in Cray during the 3rd quarter worth approximately $124,000. State of Alaska Department of Revenue grew its position in Cray by 77.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,979 shares of the technology company’s stock worth $146,000 after purchasing an additional 3,479 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Cray by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock worth $177,000 after purchasing an additional 330 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Cray by 59.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock worth $246,000 after purchasing an additional 5,001 shares in the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cray (NASDAQ:CRAY)

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