King Luther Capital Management Corp Has $877,000 Stock Position in Materialise NV (NASDAQ:MTLS)

King Luther Capital Management Corp cut its position in Materialise NV (NASDAQ:MTLS) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the software maker’s stock after selling 10,000 shares during the period. King Luther Capital Management Corp owned 0.27% of Materialise worth $877,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. grew its holdings in shares of Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares during the last quarter. Ballentine Partners LLC bought a new stake in Materialise during the 3rd quarter worth about $124,000. Finally, Rock Point Advisors LLC increased its position in Materialise by 4.0% in the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after acquiring an additional 25,637 shares in the last quarter. 19.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Materialise Trading Down 1.6 %

MTLS stock opened at $7.36 on Friday. 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 $7.56. The company has a market cap of $434.76 million, a P/E ratio of 38.74 and a beta of 1.11. The business has a fifty day moving average of $5.80 and a 200-day moving average of $5.44.

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.