Stratasys, Ltd. (SSYS) Stake Lowered by Advisor Group Inc.
Advisor Group Inc. lessened its position in Stratasys, Ltd. (NASDAQ:SSYS) by 35.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,348 shares of the technology company’s stock after selling 2,906 shares during the period. Advisor Group Inc.’s holdings in Stratasys were worth $123,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SSYS. Baillie Gifford & Co. increased its holdings in shares of Stratasys by 64.7% in the 2nd quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock valued at $8,807,000 after purchasing an additional 148,400 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Stratasys by 742.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 32,905 shares of the technology company’s stock valued at $767,000 after purchasing an additional 29,000 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Stratasys in the 2nd quarter valued at about $227,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Stratasys by 28.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 71,225 shares of the technology company’s stock valued at $1,660,000 after purchasing an additional 15,812 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Stratasys by 2.1% in the 2nd quarter. Royce & Associates LP now owns 461,046 shares of the technology company’s stock valued at $10,747,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.
Stratasys, Ltd. (NASDAQ SSYS) opened at $21.71 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Stratasys, Ltd. has a twelve month low of $16.37 and a twelve month high of $30.88. The firm has a market cap of $1,158.74, a PE ratio of 155.57, a price-to-earnings-growth ratio of 6.60 and a beta of 1.40.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The firm had revenue of $155.90 million during the quarter, compared to the consensus estimate of $160.97 million. Stratasys’s revenue for the quarter was down .8% compared to the same quarter last year. equities research analysts anticipate that Stratasys, Ltd. will post 0.17 earnings per share for the current fiscal year.
SSYS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. ValuEngine downgraded shares of Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Susquehanna Bancshares upgraded shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target for the company in a report on Friday, October 20th. Citigroup upgraded shares of Stratasys from a “neutral” rating to a “buy” rating and cut their price target for the company from $32.00 to $29.00 in a report on Thursday, August 10th. Finally, UBS upgraded shares of Stratasys from a “neutral” rating to a “positive” rating in a report on Friday, October 20th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Stratasys currently has a consensus rating of “Hold” and an average target price of $24.74.
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Stratasys Company Profile
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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