Baillie Gifford & Co. Has $10.12 Million Stock Position in Stratasys Ltd. (NASDAQ:SSYS)

Baillie Gifford & Co. trimmed its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 708,737 shares of the technology company's stock after selling 118,456 shares during the period. Baillie Gifford & Co. owned approximately 1.04% of Stratasys worth $10,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC raised its position in shares of Stratasys by 2,633.3% during the third quarter. CWM LLC now owns 3,280 shares of the technology company's stock valued at $45,000 after buying an additional 3,160 shares during the last quarter. FMR LLC raised its position in shares of Stratasys by 12,707.1% during the third quarter. FMR LLC now owns 3,586 shares of the technology company's stock valued at $49,000 after buying an additional 3,558 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company's stock valued at $58,000 after buying an additional 2,332 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Stratasys by 560.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company's stock valued at $61,000 after buying an additional 3,794 shares during the last quarter. Finally, Amundi raised its position in shares of Stratasys by 25.2% during the fourth quarter. Amundi now owns 6,921 shares of the technology company's stock valued at $95,000 after buying an additional 1,393 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Price Performance

Shares of SSYS traded down $0.20 during trading hours on Thursday, hitting $10.44. The stock had a trading volume of 846,520 shares, compared to its average volume of 381,583. The stock has a market capitalization of $727.25 million, a price-to-earnings ratio of -5.83 and a beta of 1.29. The company's fifty day moving average is $12.15 and its two-hundred day moving average is $12.21. Stratasys Ltd. has a 52 week low of $9.95 and a 52 week high of $21.72.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts predict that Stratasys Ltd. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SSYS shares. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of Stratasys in a research report on Tuesday, December 26th. StockNews.com assumed coverage on shares of Stratasys in a research report on Thursday. They issued a "buy" rating for the company. Finally, Cantor Fitzgerald assumed coverage on shares of Stratasys in a research report on Tuesday, February 13th. They issued an "overweight" rating and a $24.00 price target for the company.

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.