Stratasys, Ltd. $SSYS Stock: Douglas Lane & Associates LLC Lowers Position

Key Points

• Douglas Lane & Associates cut its Stratasys position by 38.3% in the third quarter, selling 191,779 shares and retaining 309,122 shares valued at approximately $2.57 million.
• Stratasys shares were trading at $7.98, near their 52-week low of $7.34, with a market capitalization of about $703 million. The company reported $137.6 million in quarterly revenue and analysts expect a full-year loss of $0.19 per share.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock a Buy, one rates it Hold and one rates it Sell, producing a “Moderate Buy” consensus and a $12.33 average price target.

Douglas Lane & Associates LLC decreased its holdings in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 38.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,122 shares of the technology company's stock after selling 191,779 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.36% of Stratasys worth $2,569,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Stratasys during the 2nd quarter worth approximately $27,000. Parallel Advisors LLC raised its stake in shares of Stratasys by 1,071.4% in the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company's stock valued at $30,000 after acquiring an additional 3,482 shares during the period. Farther Finance Advisors LLC raised its position in Stratasys by 860.9% in the third quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company's stock valued at $30,000 after purchasing an additional 3,194 shares during the period. NFSG Corp acquired a new stake in shares of Stratasys in the first quarter valued at about $45,000. Finally, ACT Capital Management LLC purchased a new position in Stratasys in the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Trading Down 0.9%

NASDAQ SSYS opened at $7.98 on Friday. Stratasys, Ltd. has a 52 week low of $7.34 and a 52 week high of $12.81. The stock has a market cap of $702.88 million, a price-to-earnings ratio of -5.96 and a beta of 1.99. The company has a 50-day moving average price of $8.19 and a two-hundred day moving average price of $8.42.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. The company had revenue of $137.61 million for the quarter. As a group, equities research analysts expect that Stratasys, Ltd. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSYS has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Stratasys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of Stratasys in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.33.

About Stratasys

Stratasys Ltd. NASDAQ: SSYS is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.

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