Charles Schwab Investment Management Inc. Decreases Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Charles Schwab Investment Management Inc. lessened its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,266 shares of the technology company's stock after selling 71,958 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.10% of Stratasys worth $651,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Stratasys during the 4th quarter valued at about $90,000. ARK Investment Management LLC lifted its holdings in shares of Stratasys by 8.7% during the fourth quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company's stock worth $6,254,000 after purchasing an additional 56,304 shares during the period. RPG Investment Advisory LLC increased its holdings in Stratasys by 64.6% in the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock worth $9,658,000 after buying an additional 426,341 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after buying an additional 400,000 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Stratasys by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Stock Performance

Shares of SSYS traded down $0.42 during trading hours on Friday, hitting $9.02. The stock had a trading volume of 677,450 shares, compared to its average volume of 583,510. The firm has a 50-day moving average price of $10.61 and a 200 day moving average price of $9.32. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The firm has a market capitalization of $646.88 million, a price-to-earnings ratio of -6.83 and a beta of 1.28.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period in the prior year, the company posted $0.02 EPS. The company's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, analysts predict that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SSYS has been the topic of a number of research reports. Cantor Fitzgerald increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.