Envestnet Asset Management Inc. Takes Position in Materialise NV (NASDAQ:MTLS)

Envestnet Asset Management Inc. bought a new position in Materialise NV (NASDAQ:MTLS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 124,726 shares of the software maker's stock, valued at approximately $878,000. Envestnet Asset Management Inc. owned approximately 0.21% of Materialise at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MTLS. Barclays PLC lifted its position in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker's stock worth $43,000 after buying an additional 2,473 shares in the last quarter. JPMorgan Chase & Co. increased 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 last quarter. GAMMA Investing LLC raised its holdings in shares of Materialise by 73.3% during the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock worth $65,000 after acquiring an additional 3,875 shares during the period. Retireful LLC acquired a new position in shares of Materialise during the 4th quarter valued at about $161,000. Finally, Inspire Investing LLC purchased a new stake in shares of Materialise in the fourth quarter valued at about $756,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Materialise Trading Down 0.9 %

MTLS traded down $0.05 during trading hours on Wednesday, reaching $5.24. The company's stock had a trading volume of 114,978 shares, compared to its average volume of 179,895. The business's 50-day moving average is $4.89 and its 200-day moving average is $6.54. 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 stock has a market cap of $309.53 million, a PE ratio of 20.96 and a beta of 1.63. Materialise NV has a fifty-two week low of $3.93 and a fifty-two week high of $9.69.

Materialise (NASDAQ:MTLS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share 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 analyst estimates of $67.00 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. As a group, equities research analysts predict that Materialise NV will post 0.3 earnings per share for the current fiscal year.

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.