JPMorgan Chase & Co. Has $641,000 Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

JPMorgan Chase & Co. lowered its holdings in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 29.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,162 shares of the technology company's stock after selling 32,480 shares during the quarter. JPMorgan Chase & Co. owned 0.11% of Stratasys worth $641,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in shares of Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock valued at $467,000 after buying an additional 2,483 shares during the last quarter. Barclays PLC increased 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 acquiring an additional 1,525 shares during the period. Geode Capital Management LLC raised its holdings in Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock valued at $560,000 after acquiring an additional 20,012 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Stratasys by 17.4% in the 3rd 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 period. Finally, State Street Corp increased its position 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 purchasing an additional 1,500 shares during the period. 75.77% of the stock is owned by institutional investors.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded down $0.15 during trading on Friday, reaching $9.25. The company had a trading volume of 208,734 shares, compared to its average volume of 435,455. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $13.98. The business's 50 day moving average price is $9.44 and its 200-day moving average price is $8.37. The stock has a market cap of $659.91 million, a PE ratio of -6.99 and a beta of 1.31.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SSYS. StockNews.com raised Stratasys from a "hold" rating to a "buy" rating in a report on Wednesday, December 25th. Craig Hallum raised their price objective 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 boosted their target price on Stratasys from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Stratasys currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.40.

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.