Stratasys Ltd. (NASDAQ:SSYS) Holdings Cut by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 753,580 shares of the technology company's stock after selling 275,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.06% of Stratasys worth $6,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SSYS. Mirae Asset Global Investments Co. Ltd. lifted its position in Stratasys by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 187,596 shares of the technology company's stock worth $2,180,000 after purchasing an additional 10,561 shares during the period. Crewe Advisors LLC bought a new position in Stratasys during the first quarter valued at about $61,000. Gamco Investors INC. ET AL raised its position in Stratasys by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company's stock worth $565,000 after acquiring an additional 1,850 shares in the last quarter. Gabelli Funds LLC raised its position in Stratasys by 6.7% in the first quarter. Gabelli Funds LLC now owns 177,037 shares of the technology company's stock worth $2,057,000 after acquiring an additional 11,090 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Stratasys by 17.4% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 122,204 shares of the technology company's stock valued at $1,420,000 after acquiring an additional 18,100 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Price Performance

Stratasys stock traded down $0.14 during midday trading on Friday, reaching $7.67. The stock had a trading volume of 391,868 shares, compared to its average volume of 473,596. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.93. The firm has a market cap of $547.48 million, a price-to-earnings ratio of -4.71 and a beta of 1.21. The firm's fifty day simple moving average is $7.36 and its two-hundred day simple moving average is $8.21.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $146.38 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company's revenue for the quarter was down 13.6% on a year-over-year basis. As a group, sell-side analysts predict that Stratasys Ltd. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Loop Capital dropped their target price on shares of Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their price target on Stratasys from $23.00 to $12.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. StockNews.com started coverage on Stratasys in a research report on Monday, September 2nd. They set a "hold" rating for the company. Lake Street Capital reduced their price objective on Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Needham & Company LLC cut their target price on Stratasys from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.80.

Stratasys Company 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.