Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,639,214 shares of the technology company's stock after selling 368,216 shares during the period. Dimensional Fund Advisors LP owned 2.35% of Stratasys worth $13,753,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. RPG Investment Advisory LLC raised its holdings in Stratasys by 6.1% in the second quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company's stock worth $4,271,000 after purchasing an additional 29,177 shares in the last quarter. Trium Capital LLP lifted its position in Stratasys by 5.6% during the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock valued at $1,266,000 after acquiring an additional 8,052 shares during the last quarter. ARK Investment Management LLC boosted its stake in Stratasys by 22.2% in the second quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company's stock valued at $5,392,000 after acquiring an additional 116,912 shares in the last quarter. State of Michigan Retirement System grew its holdings in Stratasys by 17.2% in the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company's stock worth $6,859,000 after purchasing an additional 120,000 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its position in shares of Stratasys by 3.7% during the second quarter. TSP Capital Management Group LLC now owns 443,400 shares of the technology company's stock worth $3,720,000 after purchasing an additional 16,000 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Stratasys Price Performance

NASDAQ:SSYS traded up $0.08 during mid-day trading on Friday, hitting $7.79. The company's stock had a trading volume of 258,961 shares, compared to its average volume of 566,002. The business's fifty day moving average is $7.47 and its two-hundred day moving average is $8.79. The stock has a market cap of $556.05 million, a price-to-earnings ratio of -4.26 and a beta of 1.19. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $14.93.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its earnings results on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping 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 firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The company's revenue was down 13.6% compared to the same quarter last year. Analysts anticipate that Stratasys Ltd. will post -0.44 EPS for the current fiscal year.

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.