Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,693 shares of the technology company's stock after selling 150,895 shares during the quarter. Nuveen Asset Management LLC owned 0.59% of Stratasys worth $3,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSYS. Headlands Technologies LLC acquired a new position in Stratasys during the 4th quarter worth $68,000. Teton Advisors Inc. purchased a new stake in Stratasys during the 4th quarter worth about $89,000. SBI Securities Co. Ltd. purchased a new stake in Stratasys during the 4th quarter worth about $90,000. Hsbc Holdings PLC lifted its holdings 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 buying an additional 1,564 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in Stratasys during the 4th quarter worth about $166,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on SSYS shares. Cantor Fitzgerald lifted their price target on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Needham & Company LLC upped their target price on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Stock Up 0.6%

SSYS traded up $0.06 on Thursday, hitting $10.43. 278,595 shares of the company traded hands, compared to its average volume of 578,680. The company has a 50 day moving average of $9.88 and a 200-day moving average of $9.98. The stock has a market capitalization of $748.00 million, a PE ratio of -7.90 and a beta of 1.50. 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 posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. On average, research analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current year.

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.