Nuveen LLC Invests $4.10 Million in Stratasys, Ltd. $SSYS

Key Points

• Nuveen LLC has acquired 418,505 shares of Stratasys, Ltd., valued at approximately $4,097,000, representing 0.58% ownership of the company.
• Several institutional investors, including Migdal Insurance & Financial Holdings Ltd. and Royce & Associates LP, have significantly increased their holdings in Stratasys during the first quarter of 2023.
• Stratasys reported earnings of $0.03 per share, meeting expectations, with a quarterly revenue of $138.09 million, reflecting a slight year-over-year increase.

Nuveen LLC acquired a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 418,505 shares of the technology company's stock, valued at approximately $4,097,000. Nuveen LLC owned about 0.58% of Stratasys as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SSYS. Phoenix Financial Ltd. increased its position in shares of Stratasys by 0.4% in the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock valued at $35,381,000 after buying an additional 12,900 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock worth $20,862,000 after acquiring an additional 977,403 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Stratasys by 2.9% in the first quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company's stock valued at $14,098,000 after purchasing an additional 40,135 shares in the last quarter. Royce & Associates LP grew its position in shares of Stratasys by 236.6% in the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company's stock valued at $5,438,000 after purchasing an additional 390,420 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of Stratasys by 6.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 370,137 shares of the technology company's stock valued at $3,291,000 after purchasing an additional 21,977 shares during the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Stock Down 5.2%

Shares of SSYS stock traded down $0.58 during mid-day trading on Monday, hitting $10.65. 938,835 shares of the company's stock were exchanged, compared to its average volume of 1,261,852. The stock has a market cap of $906.21 million, a price-to-earnings ratio of -7.95 and a beta of 1.62. Stratasys, Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The stock has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $10.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm had revenue of $138.09 million for the quarter, compared to the consensus estimate of $137.15 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SSYS. Needham & Company LLC reduced their target price on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.50.

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.