Daiwa SB Investments Ltd. decreased its stake in Stratasys, Ltd. (NASDAQ:SSYS) by 60.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,734 shares of the technology company’s stock after selling 25,681 shares during the period. Daiwa SB Investments Ltd.’s holdings in Stratasys were worth $390,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares during the period. IFP Advisors Inc raised its position in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares during the period. Teachers Advisors LLC raised its position in Stratasys by 1.5% in the first quarter. Teachers Advisors LLC now owns 82,995 shares of the technology company’s stock worth $1,701,000 after buying an additional 1,208 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Stratasys by 3.7% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 40,857 shares of the technology company’s stock worth $837,000 after buying an additional 1,446 shares during the period. Finally, Stoneridge Investment Partners LLC raised its position in Stratasys by 7.7% in the first quarter. Stoneridge Investment Partners LLC now owns 27,428 shares of the technology company’s stock worth $562,000 after buying an additional 1,962 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.
Shares of Stratasys, Ltd. (SSYS) opened at 23.93 on Wednesday. The stock’s 50 day moving average price is $27.39 and its 200-day moving average price is $22.32. The firm’s market cap is $1.26 billion. Stratasys, Ltd. has a 52-week low of $16.37 and a 52-week high of $30.88.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The business had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $162.38 million. During the same quarter last year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Stratasys, Ltd. will post $0.28 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on SSYS shares. Piper Jaffray Companies upgraded Stratasys from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $21.00 to $28.00 in a report on Monday, April 17th. Standpoint Research lowered Stratasys from a “buy” rating to a “reduce” rating in a report on Monday, April 24th. William Blair lowered Stratasys from a “market perform” rating to an “underperform” rating in a report on Monday, May 15th. Cowen and Company reiterated a “market perform” rating and issued a $27.00 target price (up from $18.00) on shares of Stratasys in a report on Wednesday, May 17th. Finally, Jefferies Group LLC lowered Stratasys from a “buy” rating to a “hold” rating and lifted their target price for the company from $24.00 to $30.00 in a report on Thursday, May 18th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.10.
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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