Douglas Lane & Associates LLC lessened its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 6.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,222,022 shares of the technology company's stock after selling 78,338 shares during the period. Douglas Lane & Associates LLC owned 1.71% of Stratasys worth $10,155,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of Stratasys by 4.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company's stock worth $565,000 after buying an additional 1,850 shares during the period. Essex Investment Management Co. LLC increased its stake in Stratasys by 1.9% in the first quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company's stock valued at $1,572,000 after purchasing an additional 2,528 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Stratasys during the first quarter valued at about $61,000. Trium Capital LLP boosted its position in shares of Stratasys by 5.6% during the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock worth $1,266,000 after purchasing an additional 8,052 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company's stock valued at $111,000 after buying an additional 9,218 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.
Stratasys Trading Down 0.4 %
Shares of SSYS traded down $0.03 during trading hours on Monday, reaching $7.24. 262,111 shares of the stock traded hands, compared to its average volume of 483,064. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $14.93. The company has a market cap of $516.79 million, a price-to-earnings ratio of -4.46 and a beta of 1.19. The stock has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $8.64.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The company's revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) EPS. Analysts predict that Stratasys Ltd. will post -0.44 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently weighed in on SSYS. 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. Craig Hallum reduced their price target on shares of Stratasys from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, July 1st. Lake Street Capital decreased their price target on shares of Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 30th. StockNews.com assumed coverage on shares of Stratasys in a research note on Monday, September 2nd. They issued a "hold" rating on the stock. Finally, Cantor Fitzgerald decreased their target price on shares of Stratasys from $23.00 to $12.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.80.
Get Our Latest Analysis on SSYS
Stratasys Company Profile
(
Free Report)
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.
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