Nuveen Asset Management LLC Trims Holdings in Stratasys Ltd. (NASDAQ:SSYS)

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

Several other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Stratasys during the fourth quarter worth $68,000. Teton Advisors Inc. acquired a new stake in shares of Stratasys in the 4th quarter worth about $89,000. SBI Securities Co. Ltd. acquired a new stake in shares of Stratasys in the 4th quarter worth about $90,000. Hsbc Holdings PLC lifted its position in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after acquiring an additional 1,564 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Stratasys during the 4th quarter valued at about $166,000. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Price Performance

Shares of NASDAQ SSYS traded up $0.22 during midday trading on Tuesday, reaching $10.42. The company's stock had a trading volume of 700,478 shares, compared to its average volume of 583,148. The stock has a market capitalization of $747.28 million, a P/E ratio of -7.89 and a beta of 1.50. The firm has a 50 day moving average price of $9.87 and a 200-day moving average price of $9.97. 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 Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. During the same quarter in the prior year, the company earned ($0.02) EPS. The business's revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSYS. Needham & Company LLC increased their price objective on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Cantor Fitzgerald raised 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. 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 has a consensus rating of "Moderate Buy" and a consensus target price 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.