Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Ameriprise Financial Inc.

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Stratasys by 107.1% during the fourth quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock valued at $1,901,000 after purchasing an additional 110,578 shares during the period. Northern Trust Corp raised its holdings in shares of Stratasys by 26.0% in the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after buying an additional 9,168 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Stratasys in the fourth quarter worth approximately $2,165,000. Credit Industriel ET Commercial purchased a new stake in shares of Stratasys in the fourth quarter worth approximately $443,000. Finally, Penn Capital Management Company LLC purchased a new position in Stratasys during the 4th quarter worth $5,376,000. 75.77% of the stock is owned by institutional investors.

Stratasys Price Performance

Stratasys stock traded down $0.09 during mid-day trading on Wednesday, reaching $10.63. The company had a trading volume of 164,489 shares, compared to its average volume of 587,081. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88. The company has a market capitalization of $762.34 million, a P/E ratio of -8.08 and a beta of 1.50. The stock's 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.94.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $134.11 million. During the same quarter last year, the business earned ($0.02) EPS. Stratasys'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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SSYS. Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Cantor Fitzgerald lifted their price objective on 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 price objective on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.