Vident Investment Advisory LLC boosted its position in Stratasys (NASDAQ:SSYS) by 61.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 876,470 shares of the technology company’s stock after buying an additional 333,656 shares during the period. Vident Investment Advisory LLC owned approximately 1.65% of Stratasys worth $17,494,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Investment Management of Virginia LLC acquired a new position in shares of Stratasys during the 4th quarter worth $200,000. Chicago Equity Partners LLC acquired a new position in Stratasys in the 3rd quarter valued at about $214,000. Thompson Investment Management Inc. acquired a new position in Stratasys in the 3rd quarter valued at about $245,000. LPL Financial LLC raised its stake in Stratasys by 24.2% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,439 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in Stratasys in the 3rd quarter valued at about $322,000. Hedge funds and other institutional investors own 72.24% of the company’s stock.
SSYS stock opened at $19.45 on Friday. The company has a current ratio of 3.77, a quick ratio of 3.06 and a debt-to-equity ratio of 0.02. The company has a market cap of $1,052.50, a P/E ratio of 149.62, a PEG ratio of 3.92 and a beta of 1.34. Stratasys has a 12-month low of $18.00 and a 12-month high of $30.88.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Stratasys had a positive return on equity of 0.66% and a negative net margin of 5.98%. The business had revenue of $179.34 million for the quarter, compared to analyst estimates of $174.30 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. sell-side analysts expect that Stratasys will post 0.17 earnings per share for the current year.
A number of research analysts have recently commented on SSYS shares. BidaskClub raised shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, January 15th. Finally, ValuEngine cut Stratasys from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Stratasys currently has an average rating of “Hold” and a consensus target price of $25.50.
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Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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