JPMorgan Chase & Co. Acquires 38,797 Shares of Materialise NV (NASDAQ:MTLS)

JPMorgan Chase & Co. boosted its holdings in shares of Materialise NV (NASDAQ:MTLS) by 1,589.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,238 shares of the software maker’s stock after acquiring an additional 38,797 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Materialise worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of 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 last quarter. Quintet Private Bank Europe S.A. lifted its holdings in Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after buying an additional 7,459 shares during the period. Ballentine Partners LLC bought a new stake in shares of Materialise in the 3rd quarter valued at about $124,000. Quadrature Capital Ltd increased its stake in shares of Materialise by 104.0% in 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. Finally, Rock Point Advisors LLC raised 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 worth $4,261,000 after acquiring an additional 106,564 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Materialise Price Performance

Shares of NASDAQ MTLS opened at $8.38 on Friday. The company has a market capitalization of $495.01 million, a PE ratio of 44.11 and a beta of 1.20. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise NV has a twelve month low of $4.70 and a twelve month high of $8.85. The firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $6.36.

About Materialise

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.