Nuveen LLC Takes Position 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 Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 418,505 shares of the technology company's stock, valued at approximately $4,097,000. Nuveen LLC owned approximately 0.58% of Stratasys at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SSYS. Migdal Insurance & Financial Holdings Ltd. boosted its holdings 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 valued at $20,862,000 after acquiring an additional 977,403 shares during the period. Royce & Associates LP raised its position in shares of Stratasys by 236.6% during the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company's stock valued at $5,438,000 after buying an additional 390,420 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Stratasys during the fourth quarter valued at about $2,165,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Stratasys during the first quarter valued at about $1,892,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Stratasys by 278.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 237,415 shares of the technology company's stock valued at $2,111,000 after buying an additional 174,704 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded down $0.58 during mid-day trading on Friday, hitting $10.65. 938,835 shares of the stock were exchanged, compared to its average volume of 1,231,869. The company has a market cap of $906.24 million, a P/E ratio of -7.95 and a beta of 1.57. The stock's fifty day simple moving average is $10.95 and its two-hundred day simple moving average is $10.46. Stratasys, Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on SSYS shares. Needham & Company LLC cut their price objective on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Stratasys presently has an average rating of "Moderate Buy" and an average price target of $12.50.

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.