Harel Insurance Investments & Financial Services Ltd. lessened its holdings in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 59.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,225 shares of the technology company’s stock after selling 114,052 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.09% of Stratasys worth $619,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Stratasys by 8.3% during the third quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock worth $176,000 after buying an additional 1,199 shares during the last quarter. Van ECK Associates Corp boosted its stake in Stratasys by 8.9% in the fourth quarter. Van ECK Associates Corp now owns 19,475 shares of the technology company’s stock valued at $169,000 after acquiring an additional 1,590 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Stratasys by 9.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock valued at $194,000 after acquiring an additional 1,912 shares during the last quarter. Invesco Ltd. grew its holdings in Stratasys by 2.8% during the 4th quarter. Invesco Ltd. now owns 88,856 shares of the technology company’s stock worth $771,000 after acquiring an additional 2,380 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Stratasys by 4.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 59,875 shares of the technology company’s stock worth $520,000 after acquiring an additional 2,583 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.
Stratasys Stock Performance
Shares of NASDAQ SSYS opened at $8.19 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 $705.73 million, a P/E ratio of -6.07 and a beta of 1.91. The firm has a 50 day moving average price of $8.79 and a 200 day moving average price of $9.19.
Analyst Ratings Changes
Separately, Weiss Ratings raised Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.
Get Our Latest Stock Report on Stratasys
Stratasys Profile
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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