State Street Corp Acquires 53,627 Shares of Stratasys, Ltd. (SSYS)
State Street Corp raised its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,966 shares of the technology company’s stock after purchasing an additional 53,627 shares during the quarter. State Street Corp owned 1.67% of Stratasys worth $20,559,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Stratasys by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,958,373 shares of the technology company’s stock valued at $45,649,000 after purchasing an additional 37,740 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Stratasys by 132.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after purchasing an additional 700,246 shares in the last quarter. AXA grew its stake in shares of Stratasys by 36.4% in the 2nd quarter. AXA now owns 766,026 shares of the technology company’s stock worth $17,856,000 after acquiring an additional 204,629 shares in the last quarter. Northern Trust Corp grew its stake in shares of Stratasys by 5.5% in the 2nd quarter. Northern Trust Corp now owns 595,143 shares of the technology company’s stock worth $13,873,000 after acquiring an additional 30,957 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Stratasys by 7.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 535,520 shares of the technology company’s stock worth $12,483,000 after acquiring an additional 36,300 shares in the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.
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Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, September 22nd. Susquehanna Bancshares Inc upgraded shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price for the company in a research note on Friday, October 20th. Cowen and Company set a $27.00 target price on shares of Stratasys and gave the stock a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. upgraded shares of Stratasys from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.57.
Shares of Stratasys, Ltd. (SSYS) opened at $20.85 on Friday. The company has a market cap of $1,083.19, a PE ratio of 145.43, a price-to-earnings-growth ratio of 16.97 and a beta of 1.40. Stratasys, Ltd. has a fifty-two week low of $16.37 and a fifty-two week high of $30.88. The company has a current ratio of 3.58, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million for the quarter, compared to the consensus estimate of $160.97 million. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. Stratasys’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts anticipate that Stratasys, Ltd. will post 0.06 EPS for the current year.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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