Materialise NV (NASDAQ:MTLS) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lessened its holdings in shares of Materialise NV (NASDAQ:MTLS) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,102 shares of the software maker’s stock after selling 367,349 shares during the quarter. ARK Investment Management LLC owned approximately 1.18% of Materialise worth $4,922,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of Materialise during the third quarter valued at about $124,000. Quintet Private Bank Europe S.A. raised 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 purchasing an additional 7,459 shares during the last quarter. Rock Point Advisors LLC boosted its position in shares of Materialise by 15.9% in the 3rd 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 stake in Materialise by 104.0% during the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock worth $199,000 after acquiring an additional 18,532 shares during the last quarter. Finally, Barclays PLC increased 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 worth $43,000 after acquiring an additional 2,473 shares in the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

Materialise Stock Down 11.8 %

NASDAQ:MTLS opened at $5.38 on Wednesday. The firm’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market cap of $317.78 million, a PE ratio of 21.52 and a beta of 1.22. Materialise NV has a one year low of $4.70 and a one year high of $9.69.

Materialise (NASDAQ:MTLS) last posted its earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $68.24 million for the quarter, compared to analyst estimates of $71.66 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. On average, research analysts anticipate that Materialise NV will post 0.3 earnings per share for the current year.

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.