Nano Cap New Millennium Growth Fund L P purchased a new position in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 112,500 shares of the technology company’s stock, valued at approximately $976,000. Nano Cap New Millennium Growth Fund L P owned about 0.13% of Stratasys at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in SSYS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Stratasys by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company’s stock worth $2,148,000 after purchasing an additional 6,306 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Stratasys by 41.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company’s stock worth $3,813,000 after purchasing an additional 96,731 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Stratasys by 17.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 78,902 shares of the technology company’s stock worth $905,000 after purchasing an additional 11,808 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Stratasys in the 2nd quarter worth approximately $1,708,000. Finally, Marshall Wace LLP bought a new stake in shares of Stratasys in the 2nd quarter worth approximately $574,000. Institutional investors own 75.77% of the company’s stock.
Stratasys Stock Up 2.0%
Shares of NASDAQ SSYS opened at $8.53 on Friday. The stock has a market capitalization of $735.03 million, a price-to-earnings ratio of -6.32 and a beta of 1.86. The stock’s fifty day simple moving average is $8.30 and its 200 day simple moving average is $9.25. Stratasys, Ltd. has a 52-week low of $7.34 and a 52-week high of $12.81.
Analyst Ratings Changes
Several analysts recently issued reports on SSYS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a report on Thursday, January 22nd. Needham & Company LLC cut their target price on Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Craig Hallum cut their target price on Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.
Check Out Our Latest Stock Analysis on SSYS
About Stratasys
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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