Axa S.A. Invests $804,000 in Materialise NV (NASDAQ:MTLS)

AXA S.A. acquired a new stake in shares of Materialise NV (NASDAQ:MTLS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 114,228 shares of the software maker's stock, valued at approximately $804,000. AXA S.A. owned approximately 0.19% of Materialise at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after acquiring an additional 2,473 shares during the period. LPL Financial LLC raised its position in shares of Materialise by 9.3% during the 4th quarter. LPL Financial LLC now owns 32,393 shares of the software maker's stock worth $228,000 after purchasing an additional 2,750 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock valued at $65,000 after acquiring an additional 3,875 shares in the last quarter. State of Tennessee Department of Treasury boosted its stake in Materialise by 71.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 22,415 shares of the software maker's stock worth $158,000 after purchasing an additional 9,378 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in Materialise in the 4th quarter valued at about $79,000. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Stock Up 1.1%

Shares of Materialise stock traded up $0.06 on Thursday, reaching $5.23. 51,174 shares of the company were exchanged, compared to its average volume of 259,592. Materialise NV has a 1-year low of $3.93 and a 1-year high of $9.69. 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 $308.64 million, a P/E ratio of 20.90 and a beta of 1.63. The stock's 50 day moving average price is $4.92 and its 200-day moving average price is $6.53.

Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The company had revenue of $71.79 million for the quarter, compared to analysts' expectations of $67.00 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. As a group, equities analysts forecast that Materialise NV will post 0.3 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Materialise from a "hold" rating to a "buy" rating in a research report on Tuesday.

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.