NJ State Employees Deferred Compensation Plan Has $627,000 Stake in Cray Inc. (NASDAQ:CRAY)

NJ State Employees Deferred Compensation Plan trimmed its holdings in shares of Cray Inc. (NASDAQ:CRAY) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the technology company’s stock after selling 9,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Cray were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRAY. Quantamental Technologies LLC increased its position in Cray by 1,027.8% during the first quarter. Quantamental Technologies LLC now owns 3,767 shares of the technology company’s stock worth $98,000 after buying an additional 3,433 shares during the last quarter. Actinver Wealth Management Inc. acquired a new position in Cray during the fourth quarter worth $206,000. Municipal Employees Retirement System of Michigan acquired a new position in Cray during the fourth quarter worth $255,000. Piedmont Investment Advisors Inc. increased its position in Cray by 5.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 10,239 shares of the technology company’s stock worth $267,000 after buying an additional 529 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Cray by 86.7% during the first quarter. BNP Paribas Arbitrage SA now owns 10,540 shares of the technology company’s stock worth $275,000 after buying an additional 4,895 shares during the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

CRAY stock remained flat at $$34.71 during mid-day trading on Friday. 225,947 shares of the company’s stock were exchanged, compared to its average volume of 400,397. The company has a current ratio of 3.33, a quick ratio of 2.62 and a debt-to-equity ratio of 0.13. Cray Inc. has a one year low of $18.76 and a one year high of $36.64. The firm has a 50 day simple moving average of $34.66. The company has a market cap of $1.43 billion, a P/E ratio of -24.44 and a beta of 0.85.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Friday, August 2nd. The technology company reported ($0.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.12). Cray had a negative net margin of 16.99% and a negative return on equity of 17.89%. The firm had revenue of $68.70 million for the quarter, compared to the consensus estimate of $72.15 million. Analysts forecast that Cray Inc. will post -1.77 EPS for the current fiscal year.

In other Cray news, VP Brian C. Henry sold 52,409 shares of the company’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 completion of the sale, the vice president now directly owns 31,475 shares in the company, valued at $996,498.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian C. Henry sold 3,591 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.00, for a total transaction of $107,730.00. Following the sale, the chief financial officer now owns 66,955 shares of the company’s stock, valued at $2,008,650. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $2,809,919 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Several research firms have commented on CRAY. Craig Hallum downgraded shares of Cray from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Wells Fargo & Co downgraded shares of Cray from an “outperform” rating to a “market perform” rating in a research report on Friday, May 17th. BidaskClub raised shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Thursday. ValuEngine raised shares of Cray from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 18th. Finally, Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.00.

Cray Company Profile

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.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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