Envestnet Asset Management Inc. Invests $878,000 in Materialise NV (NASDAQ:MTLS)

Envestnet Asset Management Inc. purchased a new stake in Materialise NV (NASDAQ:MTLS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 124,726 shares of the software maker's stock, valued at approximately $878,000. Envestnet Asset Management Inc. owned 0.21% of Materialise as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MTLS. KBC Group NV lifted its stake in Materialise by 18.8% in the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker's stock valued at $2,876,000 after buying an additional 64,744 shares during the period. JPMorgan Chase & Co. raised its position in shares of Materialise by 747.1% in the 4th quarter. JPMorgan Chase & Co. now owns 349,346 shares of the software maker's stock valued at $2,459,000 after acquiring an additional 308,108 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Materialise by 93.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker's stock worth $2,454,000 after acquiring an additional 168,850 shares during the last quarter. King Luther Capital Management Corp grew its holdings in Materialise by 12.5% during the fourth quarter. King Luther Capital Management Corp now owns 180,000 shares of the software maker's stock valued at $1,267,000 after purchasing an additional 20,000 shares during the period. Finally, Inspire Investing LLC acquired a new position in Materialise during the fourth quarter valued at approximately $756,000. 19.30% of the stock is currently owned by institutional investors.

Materialise Stock Up 3.5 %

Shares of NASDAQ:MTLS traded up $0.18 during trading on Friday, hitting $5.37. 120,300 shares of the company's stock traded hands, compared to its average volume of 179,749. The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $6.55. Materialise NV has a 52 week low of $3.93 and a 52 week high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The company has a market cap of $317.21 million, a price-to-earnings ratio of 21.48 and a beta of 1.63.

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 for the quarter, missing the consensus estimate of $0.02 by ($0.03). Materialise had a net margin of 5.04% and a return on equity of 5.47%. The company had revenue of $71.79 million during the quarter, compared to analyst estimates of $67.00 million. As a group, research analysts forecast that Materialise NV will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Materialise from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.

Materialise 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.