Dimensional Fund Advisors LP Sells 346,739 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Dimensional Fund Advisors LP cut its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 26.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 948,619 shares of the technology company's stock after selling 346,739 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.33% of Stratasys worth $8,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its stake in shares of Stratasys by 0.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock valued at $12,445,000 after buying an additional 9,522 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Stratasys by 53.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after purchasing an additional 400,000 shares in the last quarter. RPG Investment Advisory LLC lifted its position in Stratasys by 64.6% in the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock valued at $9,658,000 after acquiring an additional 426,341 shares in the last quarter. Legal & General Group Plc increased its stake in Stratasys by 0.6% in the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock valued at $8,369,000 after buying an additional 5,541 shares during the last quarter. Finally, Formula Growth Ltd. increased its stake in Stratasys by 58.3% in the 4th quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock valued at $6,756,000 after buying an additional 280,000 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Trading Down 0.4%

Shares of SSYS stock traded down $0.04 during trading hours on Thursday, reaching $10.92. 187,760 shares of the company's stock were exchanged, compared to its average volume of 587,600. The stock's fifty day moving average price is $9.72 and its two-hundred day moving average price is $9.72. The stock has a market cap of $783.14 million, a PE ratio of -8.27 and a beta of 1.50. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the company earned ($0.02) EPS. On average, equities analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SSYS. StockNews.com downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Cantor Fitzgerald raised their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC lifted their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.20.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.