KeyCorp restated their buy rating on shares of Cray (NASDAQ:CRAY) in a research report report published on Friday morning. The firm currently has a $31.00 target price on the technology company’s stock.

Several other research firms have also recently weighed in on CRAY. Zacks Investment Research cut shares of Cray from a hold rating to a sell rating in a report on Monday, January 1st. BidaskClub cut shares of Cray from a hold rating to a sell rating in a report on Thursday, December 7th. TheStreet raised shares of Cray from a d+ rating to a c- rating in a report on Monday, November 27th. Wells Fargo & Co started coverage on shares of Cray in a report on Tuesday, November 14th. They set an outperform rating and a $26.00 price objective for the company. Finally, ValuEngine raised shares of Cray from a sell rating to a hold rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $25.80.

Cray (CRAY) opened at $25.05 on Friday. Cray has a twelve month low of $16.10 and a twelve month high of $26.65. The firm has a market cap of $1,025.10, a P/E ratio of 67.70 and a beta of 1.69.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.16. Cray had a net margin of 2.71% and a return on equity of 0.73%. The firm had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $59.67 million. During the same period in the previous year, the company earned ($0.49) earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. analysts anticipate that Cray will post -1.14 EPS for the current fiscal year.

In other Cray news, SVP Michael Charles Piraino sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total transaction of $25,300.00. Following the completion of the sale, the senior vice president now directly owns 43,484 shares of the company’s stock, valued at $1,000,132. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Charles A. Morreale sold 42,680 shares of the company’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,005 shares of company stock valued at $1,534,913. 4.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Cray by 3.4% during the second quarter. Vanguard Group Inc. now owns 3,620,407 shares of the technology company’s stock valued at $66,615,000 after buying an additional 118,976 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cray by 15.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,264,358 shares of the technology company’s stock valued at $44,042,000 after buying an additional 304,378 shares during the last quarter. NWQ Investment Management Company LLC increased its holdings in Cray by 66.7% during the third quarter. NWQ Investment Management Company LLC now owns 1,475,548 shares of the technology company’s stock valued at $28,699,000 after buying an additional 590,325 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Cray by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 1,311,088 shares of the technology company’s stock worth $25,502,000 after purchasing an additional 20,811 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Cray by 6.1% in the third quarter. American Century Companies Inc. now owns 989,616 shares of the technology company’s stock worth $19,248,000 after purchasing an additional 57,313 shares during the period. 96.30% of the stock is owned by institutional investors and hedge funds.

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Cray Company Profile

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.

Analyst Recommendations for Cray (NASDAQ:CRAY)

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