Neuberger Berman Group LLC Increases Stock Holdings in Stratasys, Ltd. (NASDAQ:SSYS)

Key Points

• Neuberger Berman Group LLC increased its holdings in Stratasys, Ltd. by 2.4% during the first quarter, owning about 6.40% of the company, valued at $45,082,000.
• Stratasys reported earnings of $0.03 EPS in its latest quarterly results, meeting analyst expectations, and had a revenue of $138.09 million, slightly above estimates.
• Analysts have mixed reviews on Stratasys, with a recent price target drop by Needham & Company from $15.00 to $13.00 while maintaining a "buy" rating, reflecting cautious optimism.

Neuberger Berman Group LLC increased its holdings in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,592,824 shares of the technology company's stock after acquiring an additional 109,331 shares during the quarter. Neuberger Berman Group LLC owned about 6.40% of Stratasys worth $45,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSYS. Teton Advisors Inc. purchased a new stake in Stratasys in the fourth quarter worth $89,000. Harbor Capital Advisors Inc. purchased a new stake in Stratasys in the first quarter worth $105,000. Hsbc Holdings PLC lifted its stake in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after acquiring an additional 1,564 shares during the period. Graham Capital Management L.P. purchased a new stake in Stratasys in the fourth quarter worth $166,000. Finally, Bayesian Capital Management LP purchased a new stake in Stratasys in the fourth quarter worth $217,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Trading Down 12.0%

Shares of Stratasys stock opened at $10.01 on Thursday. The firm has a market capitalization of $850.05 million, a P/E ratio of -6.67 and a beta of 1.57. The business has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $10.51. Stratasys, Ltd. has a 12 month low of $6.05 and a 12 month high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts predict that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Needham & Company LLC dropped their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday. Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.20.

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.

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