Materialise NV (NASDAQ:MTLS) Stock Holdings Reduced by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Materialise NV (NASDAQ:MTLS) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,966,775 shares of the software maker’s stock after selling 45,182 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 3.33% of Materialise worth $12,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. lifted its stake in shares of Materialise by 5.2% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock valued at $204,000 after purchasing an additional 1,837 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Materialise by 48.6% in the third quarter. GSA Capital Partners LLP now owns 233,037 shares of the software maker’s stock worth $1,279,000 after buying an additional 76,180 shares during the last quarter. Rock Point Advisors LLC boosted its stake in shares of Materialise by 17.4% during the 3rd quarter. Rock Point Advisors LLC now owns 380,020 shares of the software maker’s stock worth $2,086,000 after acquiring an additional 56,220 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Materialise by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 413,759 shares of the software maker’s stock valued at $2,260,000 after acquiring an additional 128,350 shares during the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of Materialise by 6.5% in the 4th quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock valued at $12,212,000 after acquiring an additional 113,406 shares in the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

Materialise Stock Performance

Shares of MTLS opened at $5.12 on Tuesday. The company has a market capitalization of $302.44 million, a PE ratio of 42.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 1.80. Materialise NV has a one year low of $4.82 and a one year high of $10.20. The company’s fifty day moving average price is $5.29 and its 200 day moving average price is $5.72.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter. Materialise had a return on equity of 4.62% and a net margin of 2.59%. The business had revenue of $72.15 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut Materialise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.