Dimensional Fund Advisors LP grew its position in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 132.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,228,790 shares of the technology company’s stock after buying an additional 700,246 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.33% of Stratasys worth $28,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Virtu KCG Holdings LLC acquired a new stake in shares of Stratasys during the 2nd quarter valued at about $608,000. Advisor Group Inc. lifted its holdings in Stratasys by 6.8% in the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after purchasing an additional 528 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Stratasys by 3.9% in the 2nd quarter. California Public Employees Retirement System now owns 88,600 shares of the technology company’s stock worth $2,065,000 after purchasing an additional 3,300 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Stratasys by 6.8% in the 2nd quarter. Vanguard Group Inc. now owns 139,039 shares of the technology company’s stock worth $3,241,000 after purchasing an additional 8,908 shares during the last quarter. Finally, Northern Trust Corp increased its position in Stratasys by 5.5% in the 2nd quarter. Northern Trust Corp now owns 595,143 shares of the technology company’s stock worth $13,873,000 after buying an additional 30,957 shares during the period. Institutional investors and hedge funds own 67.08% of the company’s stock.
Several research analysts have commented on the company. B. Riley reaffirmed a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Stratasys in a research report on Thursday, November 2nd. FBR & Co cut Stratasys from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Stratasys in a research report on Friday, October 27th. Susquehanna Bancshares Inc upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target on the stock in a research report on Friday, October 20th. Finally, UBS AG upgraded Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.24.
Stratasys, Ltd. (SSYS) traded down $0.35 during trading hours on Friday, reaching $20.45. The company had a trading volume of 870,400 shares, compared to its average volume of 1,189,076. The firm has a market cap of $1,080.86, a PE ratio of 292.14, a P/E/G ratio of 17.04 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32. Stratasys, Ltd. has a 1-year low of $16.37 and a 1-year high of $30.88.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $167.82 million. During the same quarter last year, the company earned $0.12 EPS. The company’s revenue was down 1.2% on a year-over-year basis. equities research analysts predict that Stratasys, Ltd. will post 0.06 earnings per share for the current fiscal year.
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Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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