Ameriprise Financial Inc. trimmed its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after purchasing an additional 1,564 shares during the period. RPG Investment Advisory LLC boosted its stake in shares of Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock valued at $9,658,000 after buying an additional 426,341 shares in the last quarter. Jane Street Group LLC raised its position in Stratasys by 107.1% in the fourth quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock worth $1,901,000 after acquiring an additional 110,578 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Stratasys by 53.1% in 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 acquiring an additional 400,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Stratasys by 44.0% in the fourth quarter. Renaissance Technologies LLC now owns 563,832 shares of the technology company's stock valued at $5,012,000 after acquiring an additional 172,218 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.
Stratasys Stock Up 3.9%
Shares of Stratasys stock traded up $0.40 on Tuesday, hitting $10.72. The company's stock had a trading volume of 364,012 shares, compared to its average volume of 588,753. The company has a market capitalization of $768.80 million, a P/E ratio of -8.12 and a beta of 1.50. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $12.88. The firm has a fifty day moving average price of $9.86 and a 200-day moving average price of $9.93.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced 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 company had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. As a group, analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SSYS. Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Needham & Company LLC increased their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Cantor Fitzgerald lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.20.
View Our Latest Report on SSYS
About Stratasys
(
Free Report)
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.
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