Rice Hall James & Associates LLC bought a new position in shares of Materialise NV (NASDAQ:MTLS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 132,509 shares of the software maker’s stock, valued at approximately $1,829,000. Rice Hall James & Associates LLC owned approximately 0.28% of Materialise at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in Materialise by 5.4% during the 1st quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock worth $1,211,000 after purchasing an additional 5,263 shares in the last quarter. Bellevue Group AG acquired a new position in shares of Materialise during the 2nd quarter worth about $510,000. KBC Group NV boosted its position in shares of Materialise by 46.6% during the 2nd quarter. KBC Group NV now owns 176,801 shares of the software maker’s stock worth $2,295,000 after acquiring an additional 56,160 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Materialise by 46.9% during the 2nd quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after acquiring an additional 57,300 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of Materialise by 20.5% during the 2nd quarter. ARK Investment Management LLC now owns 1,494,142 shares of the software maker’s stock worth $19,394,000 after acquiring an additional 254,681 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on MTLS. BidaskClub raised Materialise from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research raised Materialise from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. TheStreet raised Materialise from a “c+” rating to a “b-” rating in a research report on Thursday, September 13th. Finally, ValuEngine raised Materialise from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Materialise presently has a consensus rating of “Hold” and an average target price of $18.00.
Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The business had revenue of $52.55 million for the quarter, compared to analyst estimates of $53.92 million. Materialise had a return on equity of 0.41% and a net margin of 0.19%. As a group, research analysts forecast that Materialise NV will post 0.05 earnings per share for the current year.
Materialise Company Profile
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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