Wells Fargo & Company MN decreased its position in Materialise NV (NASDAQ:MTLS) by 21.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,446 shares of the software maker’s stock after selling 22,773 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Materialise worth $1,138,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MTLS. Private Advisor Group LLC bought a new stake in shares of Materialise in the 3rd quarter valued at approximately $334,000. Rice Hall James & Associates LLC bought a new stake in Materialise during the third quarter worth approximately $1,829,000. Finally, Renaissance Technologies LLC boosted its position in Materialise by 46.9% during the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after purchasing an additional 57,300 shares during the period. 16.57% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on MTLS. ValuEngine raised Materialise from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 20th. BidaskClub raised Materialise from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. KBC Securities cut Materialise from a “buy” rating to a “hold” rating and set a $20.07 target price for the company. in a research report on Friday, December 28th. Finally, Zacks Investment Research raised Materialise from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, November 2nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.54.
Shares of Materialise stock opened at $19.49 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -487.25, a P/E/G ratio of 3.98 and a beta of 0.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 2.28. Materialise NV has a 12-month low of $11.16 and a 12-month high of $22.99.
Materialise (NASDAQ:MTLS) last announced its earnings results on Wednesday, October 31st. The software maker reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Materialise had a return on equity of 4.39% and a net margin of 2.20%. The firm had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $53.11 million. As a group, equities analysts predict that Materialise NV will post 0.1 EPS for the current fiscal year.
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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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