Materialise NV (NASDAQ:MTLS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in Materialise NV (NASDAQ:MTLS) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,899 shares of the software maker’s stock after selling 2,685 shares during the period. Jane Street Group LLC’s holdings in Materialise were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rock Point Advisors LLC boosted its position in shares of Materialise by 15.9% during the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock worth $4,261,000 after purchasing an additional 106,564 shares during the period. Ballentine Partners LLC acquired a new position in Materialise during the third quarter worth $124,000. Quadrature Capital Ltd boosted 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 worth $199,000 after buying an additional 18,532 shares during the period. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after buying an additional 7,459 shares in the last quarter. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Trading Up 7.0 %

Shares of MTLS stock opened at $8.06 on Thursday. Materialise NV has a fifty-two week low of $4.70 and a fifty-two week high of $8.50. The company has a 50 day moving average price of $7.43 and a 200 day moving average price of $6.10. The stock has a market capitalization of $476.08 million, a P/E ratio of 42.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81.

Analysts Set New Price Targets

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

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.