Parallel Advisors LLC Raises Stock Position in Materialise NV (NASDAQ:MTLS)

Parallel Advisors LLC boosted its position in shares of Materialise NV (NASDAQ:MTLSFree Report) by 290.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,258 shares of the software maker’s stock after buying an additional 3,167 shares during the quarter. Parallel Advisors LLC’s holdings in Materialise were worth $28,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in Materialise by 45.0% during the third quarter. Acadian Asset Management LLC now owns 413,759 shares of the software maker’s stock valued at $2,260,000 after buying an additional 128,350 shares during the period. Rock Point Advisors LLC grew its position in Materialise by 36.8% during the fourth quarter. Rock Point Advisors LLC now owns 519,965 shares of the software maker’s stock valued at $3,414,000 after buying an additional 139,945 shares during the period. Signaturefd LLC grew its position in Materialise by 218.1% during the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock valued at $44,000 after buying an additional 4,621 shares during the period. ARK Investment Management LLC grew its position in Materialise by 6.5% during the fourth quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock valued at $12,212,000 after buying an additional 113,406 shares during the period. Finally, New York State Common Retirement Fund grew its position in Materialise by 233.5% during the fourth quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock valued at $137,000 after buying an additional 14,663 shares during the period. Institutional investors and hedge funds own 19.30% of the company’s stock.

Materialise Stock Down 0.6 %

Shares of NASDAQ MTLS opened at $5.08 on Monday. The company’s 50-day simple moving average is $5.17 and its 200-day simple moving average is $5.64. Materialise NV has a 52-week low of $4.82 and a 52-week high of $9.94. The firm has a market cap of $300.08 million, a price-to-earnings ratio of 42.34 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 1.91 and a debt-to-equity ratio of 0.12.

Materialise (NASDAQ:MTLSGet Free Report) last announced its earnings results on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. The business had revenue of $68.80 million for the quarter. Equities analysts predict that Materialise NV will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on MTLS shares. StockNews.com lowered shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Friday. Cantor Fitzgerald assumed coverage on shares of Materialise in a research report on Wednesday, April 24th. They issued an “overweight” rating and a $9.50 target price on the stock.

Read Our Latest Stock Report on MTLS

Materialise Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Materialise (NASDAQ:MTLS)

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