Brown Advisory Inc. Takes Position in Stratasys, Ltd. (NASDAQ:SSYS)

Brown Advisory Inc. acquired a new position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,733 shares of the technology company's stock, valued at approximately $369,000. Brown Advisory Inc. owned approximately 0.05% of Stratasys at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSYS. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stratasys by 401.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company's stock worth $3,023,000 after buying an additional 272,198 shares in the last quarter. Royce & Associates LP bought a new position in Stratasys in the 4th quarter worth approximately $1,467,000. Virtu Financial LLC bought a new position in Stratasys in the 4th quarter worth approximately $379,000. Headlands Technologies LLC bought a new position in Stratasys in the 4th quarter worth approximately $68,000. Finally, Legal & General Group Plc grew its holdings in Stratasys by 0.6% in the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock worth $8,369,000 after buying an additional 5,541 shares in the last quarter. 75.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Price Performance

Shares of SSYS traded down $0.10 during trading hours on Friday, hitting $10.93. 66,700 shares of the company were exchanged, compared to its average volume of 550,937. The company has a market capitalization of $928.52 million, a PE ratio of -7.28 and a beta of 1.53. The firm has a fifty day simple moving average of $10.87 and a 200-day simple moving average of $10.27. Stratasys, Ltd. has a one year low of $6.05 and a one year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The company's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted ($0.02) EPS. Sell-side analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current year.

Stratasys Company 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.