JPMorgan Chase & Co. Increases Stock Position in Materialise NV (NASDAQ:MTLS)

JPMorgan Chase & Co. boosted its holdings in shares of Materialise NV (NASDAQ:MTLS - Free Report) by 1,589.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,238 shares of the software maker's stock after buying an additional 38,797 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Materialise worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker's stock worth $43,000 after buying an additional 2,473 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker's stock worth $120,000 after acquiring an additional 7,459 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Materialise by 0.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker's stock valued at $8,777,000 after purchasing an additional 8,089 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Materialise by 104.0% in the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker's stock valued at $199,000 after purchasing an additional 18,532 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Materialise in the 3rd quarter valued at $124,000. Hedge funds and other institutional investors own 19.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Materialise from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 13th.

Materialise Stock Performance

Shares of MTLS stock traded up $0.26 during trading hours on Tuesday, hitting $8.58. The stock had a trading volume of 141,847 shares, compared to its average volume of 200,034. The stock's 50 day moving average is $7.74 and its 200 day moving average is $6.41. The firm has a market capitalization of $506.82 million, a PE ratio of 45.16 and a beta of 1.22. Materialise NV has a twelve month low of $4.70 and a twelve month high of $8.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65.

About Materialise

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.