Legal & General Group Plc lifted its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,032,041 shares of the technology company’s stock after acquiring an additional 107,472 shares during the period. Legal & General Group Plc’s holdings in Stratasys were worth $8,958,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new position in Stratasys in the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in Stratasys during the 4th quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in Stratasys in the 3rd quarter valued at about $34,000. Raymond James Financial Inc. acquired a new stake in Stratasys in the 2nd quarter valued at about $35,000. Finally, Osaic Holdings Inc. raised its position in Stratasys by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock valued at $94,000 after purchasing an additional 3,282 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.
Stratasys Price Performance
Stratasys stock opened at $9.56 on Friday. The stock has a market cap of $823.79 million, a PE ratio of -7.08 and a beta of 1.90. The stock’s fifty day moving average is $8.69 and its two-hundred day moving average is $9.27. Stratasys, Ltd. has a 1-year low of $7.34 and a 1-year high of $12.81.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SSYS. Weiss Ratings raised Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. Needham & Company LLC reduced their target price on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Craig Hallum decreased their price target on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.
Read Our Latest Research Report on Stratasys
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.
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