Laurion Capital Management LP Takes Position in Cray Inc. (CRAY)

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Laurion Capital Management LP acquired a new stake in Cray Inc. (NASDAQ:CRAY) in the first quarter, Holdings Channel reports. The firm acquired 26,153 shares of the technology company’s stock, valued at approximately $681,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its holdings in Cray by 11.2% in the 3rd quarter. Teachers Advisors LLC now owns 169,008 shares of the technology company’s stock valued at $3,634,000 after purchasing an additional 16,976 shares during the period. Vanguard Group Inc. increased its position in shares of Cray by 2.4% in the third quarter. Vanguard Group Inc. now owns 4,114,360 shares of the technology company’s stock valued at $88,458,000 after acquiring an additional 98,077 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Cray in the fourth quarter valued at about $1,936,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cray by 83.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,240 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,478 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Cray by 6.2% in the fourth quarter. Arizona State Retirement System now owns 62,889 shares of the technology company’s stock valued at $1,358,000 after acquiring an additional 3,664 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

In related news, VP Brian C. Henry sold 36,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $28.97, for a total transaction of $1,042,920.00. Following the transaction, the vice president now owns 106,546 shares in the company, valued at $3,086,637.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian C. Henry sold 52,409 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $31.66, for a total transaction of $1,659,268.94. Following the transaction, the vice president now owns 31,475 shares in the company, valued at approximately $996,498.50. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $2,809,919 in the last quarter. 4.00% of the stock is owned by corporate insiders.

Shares of NASDAQ CRAY opened at $35.12 on Friday. Cray Inc. has a 1 year low of $18.76 and a 1 year high of $36.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.62 and a current ratio of 3.33. The stock has a market cap of $1.44 billion, a P/E ratio of -24.73 and a beta of 1.34.

Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.09). Cray had a negative net margin of 16.99% and a negative return on equity of 17.89%. The company had revenue of $71.55 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same quarter in the prior year, the firm earned ($0.53) EPS. Cray’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts predict that Cray Inc. will post -1.77 EPS for the current fiscal year.

A number of equities analysts have issued reports on CRAY shares. Craig Hallum cut shares of Cray from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. ValuEngine cut shares of Cray from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. BidaskClub upgraded shares of Cray from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research cut shares of Cray from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Co cut shares of Cray from an “outperform” rating to a “market perform” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.00.

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About Cray

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

Further Reading: Price-Sales Ratio

Want to see what other hedge funds are holding CRAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cray Inc. (NASDAQ:CRAY).

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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