Cray Inc (NASDAQ:CRAY) Institutional Investors Sentiment Increased in 2017 Q4

April 17, 2018 - By Graig Alexander

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Sentiment for Cray Inc (NASDAQ:CRAY)

Cray Inc (NASDAQ:CRAY) institutional sentiment decreased to 1.44 in 2017 Q4. Its down -0.05, from 1.49 in 2017Q3. The ratio has worsened, as 72 active investment managers started new and increased holdings, while 50 decreased and sold stakes in Cray Inc. The active investment managers in our partner’s database now hold: 38.58 million shares, down from 38.61 million shares in 2017Q3. Also, the number of active investment managers holding Cray Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 9 Reduced: 41 Increased: 45 New Position: 27.

Cray Inc., together with its subsidiaries, designs, develops, makes, markets, and services high-performance computing systems. The company has market cap of $926.44 million. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other divisions. It currently has negative earnings. The firm offers a range of supercomputing systems, including the Cray XC series, Cray XC40-AC, Cray CS400, and Cray CS-Storm supercomputers; and analytics products, such as Cray Urika-GX platform used for production-class data analytics workloads.

The stock increased 2.68% or $0.6 during the last trading session, reaching $22.95. About 184,946 shares traded. Cray Inc. (NASDAQ:CRAY) has declined 5.36% since April 17, 2017 and is downtrending. It has underperformed by 16.91% the S&P500.

Analysts await Cray Inc. (NASDAQ:CRAY) to report earnings on May, 1. They expect $-0.53 earnings per share, up 25.35 % or $0.18 from last year’s $-0.71 per share. After $0.22 actual earnings per share reported by Cray Inc. for the previous quarter, Wall Street now forecasts -340.91 % negative EPS growth.

First Washington Corp holds 2.59% of its portfolio in Cray Inc. for 227,880 shares. Paradigm Capital Management Inc Ny owns 967,600 shares or 2% of their US portfolio. Moreover, Ack Asset Management Llc has 1.22% invested in the company for 225,000 shares. The California-based Granite Investment Partners Llc has invested 1.06% in the stock. Mairs & Power Inc, a Minnesota-based fund reported 2.67 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $2.19 million activity.

Cray Inc. (NASDAQ:CRAY) Ratings Coverage

Ratings analysis reveals 100% of Cray’s analysts are positive. Out of 3 Wall Street analysts rating Cray, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $26.0 while the high is $31.0. The stock’s average target of $29 is 26.36% above today’s ($22.95) share price. CRAY was included in 4 notes of analysts from November 14, 2017. The company was maintained on Tuesday, March 6 by Craig Hallum. KeyBanc Capital Markets maintained Cray Inc. (NASDAQ:CRAY) on Thursday, January 18 with “Buy” rating. The rating was upgraded by Craig Hallum to “Buy” on Tuesday, November 21. Wells Fargo initiated Cray Inc. (NASDAQ:CRAY) on Tuesday, November 14 with “Buy” rating.

Cray Inc. (NASDAQ:CRAY) Institutional Positions Chart

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