Wells Fargo & Company MN decreased its position in Stratasys, Ltd. (NASDAQ:SSYS) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.
Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Stratasys by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,976,182 shares of the technology company’s stock worth $45,690,000 after purchasing an additional 17,809 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Stratasys by 132.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after purchasing an additional 700,246 shares during the last quarter. State Street Corp raised its stake in Stratasys by 6.5% in the 2nd quarter. State Street Corp now owns 881,966 shares of the technology company’s stock valued at $20,559,000 after purchasing an additional 53,627 shares during the last quarter. Northern Trust Corp grew its holdings in Stratasys by 5.5% in the 2nd quarter. Northern Trust Corp now owns 595,143 shares of the technology company’s stock valued at $13,873,000 after buying an additional 30,957 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in Stratasys by 6.8% in the 3rd quarter. Baillie Gifford & Co. now owns 403,505 shares of the technology company’s stock valued at $9,329,000 after buying an additional 25,705 shares during the period. 70.24% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on SSYS shares. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, November 17th. BidaskClub upgraded Stratasys from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Susquehanna Bancshares upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price for the company in a report on Friday, October 20th. UBS Group upgraded Stratasys from a “neutral” rating to a “positive” rating in a report on Friday, October 20th. Finally, B. Riley cut Stratasys from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $30.00 in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $24.94.
Stratasys, Ltd. (NASDAQ SSYS) traded up $0.24 during trading hours on Monday, hitting $19.86. The stock had a trading volume of 529,317 shares, compared to its average volume of 668,024. Stratasys, Ltd. has a 12 month low of $18.04 and a 12 month high of $30.88. The company has a market capitalization of $1,040.00, a PE ratio of -18.74, a price-to-earnings-growth ratio of 3.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $160.97 million. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts expect that Stratasys, Ltd. will post 0.17 EPS 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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