KBC Group NV raised its stake in shares of Materialise NV (NASDAQ:MTLS - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 408,584 shares of the software maker's stock after purchasing an additional 64,744 shares during the quarter. KBC Group NV owned 0.69% of Materialise worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of MTLS. Ballentine Partners LLC bought a new stake in shares of Materialise during the 3rd quarter worth $124,000. Quintet Private Bank Europe S.A. lifted its stake in 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 worth $120,000 after purchasing an additional 7,459 shares during the last quarter. Rock Point Advisors LLC lifted its stake in Materialise by 15.9% during the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker's stock worth $4,261,000 after purchasing an additional 106,564 shares during the last quarter. Quadrature Capital Ltd boosted its holdings 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 worth $199,000 after purchasing an additional 18,532 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Materialise by 45.3% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 19.30% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Materialise from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 13th.
Check Out Our Latest Report on MTLS
Materialise Trading Up 3.1 %
Shares of MTLS stock traded up $0.26 on Tuesday, hitting $8.58. 141,847 shares of the company's stock traded hands, compared to its average volume of 200,034. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The stock has a market capitalization of $506.82 million, a price-to-earnings ratio of 45.16 and a beta of 1.22. The company's fifty day simple moving average is $7.74 and its 200 day simple moving average is $6.41. Materialise NV has a one year low of $4.70 and a one year high of $8.85.
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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