Renaissance Technologies LLC reduced its position in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 323,400 shares of the technology company’s stock after selling 90,632 shares during the quarter. Renaissance Technologies LLC owned 0.38% of Stratasys worth $2,526,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in shares of Stratasys in the fourth quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in Stratasys during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC raised its position in Stratasys by 1,071.4% in the first quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after acquiring an additional 3,482 shares during the period. Advisory Services Network LLC bought a new position in Stratasys in the third quarter worth approximately $34,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Stratasys during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.
Stratasys Price Performance
Shares of NASDAQ:SSYS opened at $8.91 on Monday. The company has a market capitalization of $767.77 million, a P/E ratio of -6.60 and a beta of 1.94. Stratasys, Ltd. has a 1-year low of $7.34 and a 1-year high of $12.81. The firm’s 50 day simple moving average is $8.57 and its two-hundred day simple moving average is $9.00.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SSYS. Zacks Research raised shares of Stratasys from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.
Check Out Our Latest Analysis on Stratasys
Stratasys Profile
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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