Pinnacle Associates Ltd. cut its holdings in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 10.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 664,178 shares of the technology company’s stock after selling 77,285 shares during the period. Pinnacle Associates Ltd.’s holdings in Stratasys were worth $5,765,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. bought a new position in Stratasys in the third quarter valued at approximately $2,352,000. Kopion Asset Management LLC boosted its stake in Stratasys by 21.7% in the fourth quarter. Kopion Asset Management LLC now owns 935,626 shares of the technology company’s stock valued at $8,121,000 after acquiring an additional 166,523 shares during the last quarter. TSP Capital Management Group LLC boosted its stake in Stratasys by 15.2% in the fourth quarter. TSP Capital Management Group LLC now owns 1,088,150 shares of the technology company’s stock valued at $9,445,000 after acquiring an additional 143,800 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Stratasys by 18.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,629,459 shares of the technology company’s stock valued at $14,144,000 after acquiring an additional 256,908 shares during the last quarter. Finally, Capital World Investors bought a new position in Stratasys in the third quarter valued at approximately $15,204,000. 75.77% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SSYS shares. Needham & Company LLC reduced their price objective on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Craig Hallum reduced their price objective on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.33.
Stratasys Stock Down 2.4%
Shares of NASDAQ SSYS opened at $8.56 on Friday. The company’s fifty day moving average is $8.33 and its 200-day moving average is $9.35. The stock has a market cap of $737.62 million, a price-to-earnings ratio of -6.34 and a beta of 1.86. Stratasys, Ltd. has a twelve month low of $7.34 and a twelve month high of $12.81.
Stratasys (NASDAQ:SSYS – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $132.70 million for the quarter, compared to analysts’ expectations of $131.82 million. Stratasys had a negative net margin of 21.00% and a negative return on equity of 1.73%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. Stratasys has set its FY 2026 guidance at 0.090-0.140 EPS. On average, research analysts anticipate that Stratasys, Ltd. will post -0.17 EPS for the current fiscal year.
Stratasys Company 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.
Recommended Stories
- Five stocks we like better than Stratasys
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Want to see what other hedge funds are holding SSYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stratasys, Ltd. (NASDAQ:SSYS – Free Report).
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.
