Charles Schwab Investment Management Inc. Cuts Stock Position in Stratasys Ltd. (NASDAQ:SSYS)

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

A number of other hedge funds have also modified their holdings of SSYS. SBI Securities Co. Ltd. bought a new stake in Stratasys during the 4th quarter valued at approximately $90,000. Quantbot Technologies LP bought a new stake in shares of Stratasys during the third quarter valued at approximately $90,000. Stifel Financial Corp lifted its holdings in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after buying an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Stratasys during the third quarter worth $210,000. Finally, Verition Fund Management LLC purchased a new position in Stratasys during the third quarter valued at $322,000. 75.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Stratasys Trading Up 1.8 %

Shares of NASDAQ SSYS traded up $0.18 during mid-day trading on Wednesday, reaching $9.98. The company had a trading volume of 311,422 shares, compared to its average volume of 580,424. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The business's 50-day moving average is $10.61 and its 200-day moving average is $9.29. The stock has a market cap of $715.73 million, a price-to-earnings ratio of -7.56 and a beta of 1.28.

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

About Stratasys

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.