Cray Inc Institutional Investor Sentiment Improved in 2017 Q3

January 23, 2018 - By Peter Erickson

 Cray Inc Institutional Investor Sentiment  Improved in  2017 Q3

Sentiment for Cray Inc (NASDAQ:CRAY)

Cray Inc (NASDAQ:CRAY) institutional sentiment increased to 1.49 in Q3 2017. Its up 0.18, from 1.31 in 2017Q2. The ratio is more positive, as 64 funds increased or started new holdings, while 43 sold and decreased stakes in Cray Inc. The funds in our partner’s database now own: 38.61 million shares, down from 38.75 million shares in 2017Q2. Also, the number of funds holding Cray Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 31 Increased: 42 New Position: 22.

Cray Inc., together with its subsidiaries, designs, develops, makes, markets, and services high-performance computing systems. The company has market cap of $1.01 billion. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other divisions. It has a 68.07 P/E ratio. 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 decreased 1.18% or $0.3 during the last trading session, reaching $25.05. About 192,102 shares traded. Cray Inc. (NASDAQ:CRAY) has declined 43.00% since January 23, 2017 and is downtrending. It has underperformed by 59.70% the S&P500.

Analysts await Cray Inc. (NASDAQ:CRAY) to report earnings on February, 14. They expect $0.24 earnings per share, down 81.68 % or $1.07 from last year’s $1.31 per share. CRAY’s profit will be $9.67 million for 26.09 P/E if the $0.24 EPS becomes a reality. After $-0.33 actual earnings per share reported by Cray Inc. for the previous quarter, Wall Street now forecasts -172.73 % EPS growth.

First Washington Corp holds 2.21% of its portfolio in Cray Inc. for 227,880 shares. Paradigm Capital Management Inc Ny owns 980,900 shares or 1.65% of their US portfolio. Moreover, Horrell Capital Management Inc. has 1.08% invested in the company for 100,000 shares. The California-based Granite Investment Partners Llc has invested 0.73% in the stock. Mairs & Power Inc, a Minnesota-based fund reported 2.88 million shares.#img1#

Cray Inc. (NASDAQ:CRAY) Ratings Coverage

Ratings analysis reveals 100% of Cray’s analysts are positive. Out of 6 Wall Street analysts rating Cray, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $22.0 while the high is $42. The stock’s average target of $31.80 is 26.95% above today’s ($25.05) share price. CRAY was included in 15 notes of analysts from July 31, 2015. The firm earned “Buy” rating on Monday, October 16 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, February 12 by Needham. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 12 report. Needham upgraded the stock to “Buy” rating in Tuesday, November 8 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, August 28. On Wednesday, May 4 the stock rating was downgraded by Craig Hallum to “Hold”. Craig Hallum upgraded Cray Inc. (NASDAQ:CRAY) on Tuesday, November 21 to “Buy” rating. Stifel Nicolaus maintained the shares of CRAY in report on Tuesday, November 8 with “Buy” rating. The rating was initiated by Wells Fargo with “Buy” on Tuesday, November 14. The stock of Cray Inc. (NASDAQ:CRAY) earned “Buy” rating by Sidoti on Tuesday, April 19.

More recent Cray Inc. (NASDAQ:CRAY) news were published by: Globenewswire.com which released: “Cray Announces Selected Preliminary 2017 Financial Results” on January 16, 2018. Also Globenewswire.com published the news titled: “Cray to Present at 2018 Needham Growth Conference” on January 12, 2018. Globenewswire.com‘s news article titled: “India’s Ministry of Earth Sciences Deploys New Cray XC40 Supercomputers and …” with publication date: January 18, 2018 was also an interesting one.

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