Wells Fargo & Company MN reduced its holdings in Stratasys, Ltd. (NASDAQ:SSYS) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,114 shares of the technology company’s stock after selling 5,834 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Stratasys worth $1,482,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SSYS. Ameritas Investment Partners Inc. increased its position in shares of Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after purchasing an additional 458 shares during the last quarter. Advisor Group Inc. increased its position in shares of Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after purchasing an additional 528 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Stratasys during the 3rd quarter valued at about $214,000. Nomura Holdings Inc. bought a new position in shares of Stratasys during the 2nd quarter valued at about $227,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Stratasys during the 3rd quarter valued at about $245,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Stratasys, Ltd. (NASDAQ SSYS) opened at $22.82 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Stratasys, Ltd. has a 1 year low of $18.04 and a 1 year high of $30.88. The stock has a market capitalization of $1,214.07, a P/E ratio of -26.53, a P/E/G ratio of 4.15 and a beta of 1.41.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The business had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. The firm’s revenue was down .8% on a year-over-year basis. analysts predict that Stratasys, Ltd. will post 0.17 earnings per share for the current year.
SSYS has been the topic of several recent research reports. UBS Group upgraded Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. BidaskClub upgraded Stratasys from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Friday, January 5th. Citigroup set a $29.00 price objective on Stratasys and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, B. Riley reiterated a “hold” rating and set a $30.00 price objective on shares of Stratasys in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.94.
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Stratasys Company Profile
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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