Douglas Lane & Associates LLC decreased its stake in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 38.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,122 shares of the technology company’s stock after selling 191,779 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Stratasys were worth $2,569,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Stratasys by 860.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company’s stock valued at $30,000 after buying an additional 3,194 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of Stratasys by 6.5% during the 3rd quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company’s stock worth $740,000 after acquiring an additional 5,401 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Stratasys by 116.7% in the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock valued at $1,099,000 after acquiring an additional 69,115 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Stratasys during the second quarter worth approximately $27,000. Finally, Squarepoint Ops LLC acquired a new position in Stratasys during the second quarter valued at approximately $553,000. 75.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SSYS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.
Stratasys Trading Down 0.9%
Shares of Stratasys stock opened at $7.98 on Friday. The stock has a market capitalization of $702.88 million, a price-to-earnings ratio of -5.96 and a beta of 1.99. The firm’s 50-day moving average price is $8.19 and its two-hundred day moving average price is $8.42. Stratasys, Ltd. has a 1-year low of $7.34 and a 1-year high of $12.81.
Stratasys (NASDAQ:SSYS – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. The firm had revenue of $137.61 million during the quarter. As a group, equities research analysts predict that Stratasys, Ltd. will post -0.19 EPS for the current year.
Stratasys Profile
Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.
Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.
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