Top 5 Tech and Automation Stocks in Cathie Wood’s Portfolio

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In this article, we will take a look at the top 5 tech and automation stocks in Cathie Wood’s portfolio. If you want to read our detailed analysis of Cathie Wood’s history, investment philosophy, and hedge fund performance and go directly to the Top 10 Tech and Automation Stocks in Cathie Wood’s Portfolio.

5. Materialise NV (NASDAQ:MTLS)

Ark Investment’s Stake Value: $112.45 million

Percent of 13F Portfolio: 0.27%

Number of Hedge Fund Holders: 9

According to hedge funds data tracked by Insider Monkey, nine hedge funds have investments in Materialise NV (NASDAQ:MTLS), worth over $147.2 million as of the end of the third quarter of 2021. Materialise NV (NASDAQ:MTLS) specializes in developing manufacturing and medical software and 3D printing services. The company aims to automate patient-specific designing of surgical devices and implants through image-based analysis.

On October 10, 2021, JPMorgan initiated its coverage on the stock with an “Overweight” rating and kept a price target of $28. Ark Management held 5.59 million shares in Materialise NV (NASDAQ:MTLS), valued at $112.45 million, in the third quarter of 2021.

In the September quarter of 2021, Materialise NV (NASDAQ:MTLS) reported an EPS of $0.18, beating the market estimates by $0.16. In the same quarter, revenue came in at $60.98 million, beating the market estimates by $2 million.

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