ARK Investment Management LLC lowered its holdings in Materialise NV (NASDAQ:MTLS - Free Report) by 33.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,066,451 shares of the software maker's stock after selling 542,433 shares during the period. ARK Investment Management LLC owned about 1.81% of Materialise worth $5,844,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Rock Point Advisors LLC raised its holdings in shares of Materialise by 4.0% during the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker's stock valued at $3,361,000 after buying an additional 25,637 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Materialise by 6.9% during the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker's stock valued at $2,808,000 after acquiring an additional 34,543 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of Materialise by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker's stock valued at $1,010,000 after acquiring an additional 5,380 shares during the period. Ballentine Partners LLC acquired a new position in shares of Materialise during the third quarter valued at approximately $124,000. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker's stock valued at $120,000 after acquiring an additional 7,459 shares during the period. Institutional investors own 19.30% of the company's stock.
Materialise Price Performance
Materialise stock traded up $0.41 during mid-day trading on Friday, hitting $6.72. The company's stock had a trading volume of 274,751 shares, compared to its average volume of 100,420. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $396.95 million, a P/E ratio of 35.69 and a beta of 1.11. Materialise NV has a twelve month low of $4.70 and a twelve month high of $6.93. The stock's fifty day moving average price is $5.36 and its two-hundred day moving average price is $5.31.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Materialise from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.
Get Our Latest Stock Analysis on Materialise
About Materialise
(
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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