Cray (CRAY) : Gilder Gagnon Howe Co reduced its stake in Cray by 3.53% during the most recent quarter end. The investment management company now holds a total of 1,655,887 shares of Cray which is valued at $36,114,895 after selling 60,558 shares in Cray , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Cray makes up approximately 0.67% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CRAY by selling 2,343 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 84,427 shares of CRAY which is valued at $1,841,353.Msi Financial Services Inc reduced its stake in CRAY by selling 1,035 shares or 83.4% in the most recent quarter. The Hedge Fund company now holds 206 shares of CRAY which is valued at $6,312.Acadian Asset Management reduced its stake in CRAY by selling 12,355 shares or 68.93% in the most recent quarter. The Hedge Fund company now holds 5,568 shares of CRAY which is valued at $169,044.
Cray closed down -0.78 points or -3.58% at $21.03 with 23,57,491 shares getting traded on Thursday. Post opening the session at $21.84, the shares hit an intraday low of $20.63 and an intraday high of $22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Cray reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.27. The company had revenue of $100.24 million for the quarter, compared to analysts expectations of $101.36 million. The company’s revenue was down -46.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Cray. Pacific Crest Initiated Cray on Jul 28, 2016 to “Overweight”, Price Target of the shares are set at $41.Cray was Downgraded by Needham to ” Hold” on May 4, 2016. Cray was Downgraded by Craig Hallum to ” Hold” on May 4, 2016.
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.