Quintet Private Bank Europe S.A. Reduces Position in Materialise NV (NASDAQ:MTLS)

Quintet Private Bank Europe S.A. cut its stake in shares of Materialise NV (NASDAQ:MTLS) by 54.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,100 shares of the software maker’s stock after selling 11,865 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Materialise were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTLS. Rock Point Advisors LLC increased its position in shares of Materialise by 15.9% during the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock valued at $4,261,000 after buying an additional 106,564 shares during the period. Quadrature Capital Ltd increased its position in shares of Materialise by 104.0% during the third quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after buying an additional 18,532 shares during the period. Barclays PLC increased its position in shares of Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after buying an additional 2,473 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Materialise by 0.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after buying an additional 8,089 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Materialise by 1,589.4% during the third quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock valued at $226,000 after buying an additional 38,797 shares during the period. 19.30% of the stock is currently owned by institutional investors.

Materialise Stock Performance

NASDAQ:MTLS opened at $5.13 on Tuesday. The firm has a market cap of $303.01 million, a PE ratio of 20.52 and a beta of 1.22. Materialise NV has a fifty-two week low of $4.70 and a fifty-two week high of $9.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The business has a 50 day moving average price of $7.75 and a 200-day moving average price of $6.67.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Materialise from a “buy” rating to a “hold” rating in a research report on Friday.

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.