Douglas Lane & Associates LLC Trims Stock Position in Stratasys Ltd. (NASDAQ:SSYS)

Douglas Lane & Associates LLC lowered its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 601,369 shares of the technology company's stock after selling 620,653 shares during the quarter. Douglas Lane & Associates LLC owned about 0.84% of Stratasys worth $5,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock worth $467,000 after purchasing an additional 2,483 shares in the last quarter. Barclays PLC raised its stake in Stratasys by 1.9% during the third quarter. Barclays PLC now owns 80,454 shares of the technology company's stock valued at $669,000 after buying an additional 1,525 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stratasys by 42.2% in the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock worth $560,000 after acquiring an additional 20,012 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Stratasys by 17.4% in the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company's stock worth $858,000 after acquiring an additional 15,318 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company's stock valued at $877,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 75.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SSYS shares. StockNews.com upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. Craig Hallum lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Needham & Company LLC increased their price target on shares of Stratasys from $10.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Stratasys has an average rating of "Moderate Buy" and a consensus price target of $11.40.

Stratasys Trading Down 2.1 %

NASDAQ:SSYS traded down $0.19 during mid-day trading on Thursday, reaching $9.00. The company's stock had a trading volume of 435,576 shares, compared to its average volume of 358,755. The stock has a market cap of $642.40 million, a P/E ratio of -6.82 and a beta of 1.31. The firm's fifty day moving average price is $9.24 and its two-hundred day moving average price is $8.30. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $14.33.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million during the quarter, compared to analysts' expectations of $139.49 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The firm's quarterly revenue was down 13.6% on a year-over-year basis. Analysts predict that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal 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.