Materialise NV (NASDAQ:MTLS) Stake Raised by King Luther Capital Management Corp

King Luther Capital Management Corp increased its holdings in Materialise NV (NASDAQ:MTLS) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,000 shares of the software maker’s stock after buying an additional 20,000 shares during the quarter. King Luther Capital Management Corp’s holdings in Materialise were worth $1,267,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTLS. JPMorgan Chase & Co. lifted its stake in shares of Materialise by 1,589.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock worth $226,000 after acquiring an additional 38,797 shares during the period. KBC Group NV lifted its position in Materialise by 18.8% in the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock worth $2,876,000 after purchasing an additional 64,744 shares during the period. Barclays PLC lifted its position in 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 purchasing an additional 2,473 shares during the period. Inspire Investing LLC bought a new position in Materialise during the 4th quarter valued at $756,000. Finally, Truist Financial Corp acquired a new position in shares of Materialise during the 4th quarter valued at $79,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Materialise from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Materialise Stock Performance

Shares of MTLS opened at $4.94 on Friday. 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 firm’s 50 day moving average is $7.36 and its 200-day moving average is $6.63. Materialise NV has a 12-month low of $4.70 and a 12-month high of $9.69. The stock has a market capitalization of $291.79 million, a P/E ratio of 19.76 and a beta of 1.29.

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

Materialise Company Profile

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.