Cray (CRAY) : Strs Ohio added new position in Cray during the most recent quarter end. The investment management firm now holds 26,000 shares of Cray which is valued at $1,018,680 , the company said in a statement filed on Apr 21, 2016 with the SEC.Cray makes up approximately 0.06% of Strs Ohio’s portfolio.
Cray opened for trading at $39.28 and hit $40.01 on the upside on Wednesday, eventually ending the session at $39.98, with a gain of 1.73% or 0.68 points. The heightened volatility saw the trading volume jump to 2,87,968 shares. Company has a market cap of $1,627 M.
Other Hedge Funds, Including , Nichols Asset Management reduced its stake in CRAY by selling 80,360 shares or 21.23% in the most recent quarter. The Hedge Fund company now holds 298,185 shares of CRAY which is valued at $11,682,888. Cray makes up approx 2.52% of Nichols Asset Management’s portfolio. Acadian Asset Management added CRAY to its portfolio by purchasing 17,923 company shares during the most recent quarter which is valued at $709,572. Capstone Asset Management Co added CRAY to its portfolio by purchasing 13,513 company shares during the most recent quarter which is valued at $534,980. Cray makes up approx 0.02% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Cray reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.70. The company had revenue of $267.50 million for the quarter, compared to analysts expectations of $265.28 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on Cray. Sidoti Upgraded Cray on Apr 19, 2016 to ” Buy”, Price Target of the shares are set at $49.Cray was Initiated by Sidoti to “Neutral” on Mar 7, 2016. Company shares were Reiterated by Stifel on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $42 .
Cray Inc. designs develops manufactures markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software system maintenance and support services and engineering services related to supercomputer systems. The Company operates through segments which include Supercomputing Storage and Data Management Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing cluster storage and analytics technology. Its customers include domestic and foreign Government and Government-funded entities academic institutions and commercial entities.