Envestnet Asset Management Inc. Takes $878,000 Position in Materialise NV (NASDAQ:MTLS)

Envestnet Asset Management Inc. purchased a new stake in Materialise NV (NASDAQ:MTLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 124,726 shares of the software maker’s stock, valued at approximately $878,000. Envestnet Asset Management Inc. owned approximately 0.21% of Materialise as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Materialise by 45.3% in the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares in the last quarter. GAMMA Investing LLC raised its position in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after buying an additional 3,875 shares during the period. Truist Financial Corp purchased a new stake in Materialise in the 4th quarter worth about $79,000. Commonwealth Equity Services LLC acquired a new stake in Materialise during the 4th quarter worth about $85,000. Finally, Trexquant Investment LP purchased a new position in Materialise during the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Materialise from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Materialise Trading Up 1.0 %

Shares of NASDAQ:MTLS opened at $5.19 on Friday. The firm has a fifty day moving average of $4.89 and a two-hundred day moving average of $6.53. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise NV has a 12-month low of $3.93 and a 12-month high of $9.69. The firm has a market capitalization of $306.57 million, a P/E ratio of 20.76 and a beta of 1.58.

Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Thursday, April 24th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Materialise had a net margin of 5.04% and a return on equity of 5.47%. The firm had revenue of $71.79 million for the quarter, compared to analyst estimates of $67.00 million. On average, equities analysts expect that Materialise NV will post 0.3 EPS for the current fiscal year.

Materialise 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.