KBC Group NV Buys 64,744 Shares of Materialise NV (NASDAQ:MTLS)

KBC Group NV grew its stake in shares of Materialise NV (NASDAQ:MTLS) by 18.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 408,584 shares of the software maker’s stock after acquiring an additional 64,744 shares during the period. KBC Group NV owned about 0.69% of Materialise worth $2,876,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Inspire Investing LLC bought a new stake in Materialise in the 4th quarter valued at about $756,000. Retireful LLC bought a new stake in Materialise during the 4th quarter valued at $161,000. GAMMA Investing LLC lifted its position in shares of Materialise by 73.3% during the fourth 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Materialise by 1,589.4% in the third 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 period. Finally, Barclays PLC grew its position in shares of Materialise by 45.3% in the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares in the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Materialise Price Performance

Shares of NASDAQ:MTLS opened at $8.38 on Friday. Materialise NV has a one year low of $4.70 and a one year high of $8.85. 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 firm has a market capitalization of $495.01 million, a price-to-earnings ratio of 44.11 and a beta of 1.20. The company’s fifty day moving average price is $7.69 and its 200-day moving average price is $6.36.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.