Ameriprise Financial Inc. Sells 79,962 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Ameriprise Financial Inc. decreased its position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551,910 shares of the technology company's stock after selling 79,962 shares during the quarter. Ameriprise Financial Inc. owned 0.77% of Stratasys worth $4,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after acquiring an additional 400,000 shares during the last quarter. RPG Investment Advisory LLC lifted its position in Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock worth $9,658,000 after buying an additional 426,341 shares during the last quarter. Legal & General Group Plc lifted its position in Stratasys by 0.6% in the fourth 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 during the last quarter. Formula Growth Ltd. boosted its stake in Stratasys by 58.3% during the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock worth $6,756,000 after buying an additional 280,000 shares during the period. Finally, ARK Investment Management LLC boosted its stake in Stratasys by 8.7% during the fourth quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company's stock worth $6,254,000 after buying an additional 56,304 shares during the period. Institutional investors own 75.77% of the company's stock.

Stratasys Stock Down 1.4%

SSYS traded down $0.15 on Thursday, reaching $10.49. 306,094 shares of the company traded hands, compared to its average volume of 586,446. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The firm has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $9.95. The company has a market cap of $752.30 million, a P/E ratio of -7.95 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

SSYS has been the subject of several analyst reports. Needham & Company LLC raised their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Cantor Fitzgerald upped their target price on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.20.

About Stratasys

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.