Stratasys Ltd (NASDAQ:SSYS) Stake Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in Stratasys Ltd (NASDAQ:SSYS) by 43.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,761 shares of the technology company’s stock after purchasing an additional 1,753 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Stratasys were worth $137,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SSYS. Wells Fargo & Company MN lifted its position in Stratasys by 14.0% during the 1st quarter. Wells Fargo & Company MN now owns 51,880 shares of the technology company’s stock worth $1,236,000 after buying an additional 6,381 shares in the last quarter. Alambic Investment Management L.P. lifted its position in Stratasys by 15.9% during the 1st quarter. Alambic Investment Management L.P. now owns 34,997 shares of the technology company’s stock worth $834,000 after buying an additional 4,800 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Stratasys by 0.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 64,613 shares of the technology company’s stock worth $1,539,000 after buying an additional 446 shares in the last quarter. Raymond James & Associates lifted its position in Stratasys by 15.4% during the 1st quarter. Raymond James & Associates now owns 18,702 shares of the technology company’s stock worth $445,000 after buying an additional 2,496 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Stratasys by 12.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,149 shares of the technology company’s stock worth $289,000 after buying an additional 1,354 shares in the last quarter. 72.19% of the stock is currently owned by institutional investors.

Shares of NASDAQ:SSYS opened at $22.25 on Thursday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 96.74, a PEG ratio of 2.89 and a beta of 1.86. Stratasys Ltd has a 1-year low of $17.06 and a 1-year high of $28.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.07.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $152.78 million. Stratasys had a positive return on equity of 1.40% and a negative net margin of 0.03%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. As a group, sell-side analysts expect that Stratasys Ltd will post 0.33 EPS for the current year.

Several analysts have weighed in on SSYS shares. Piper Jaffray Companies reissued an “overweight” rating and set a $32.00 price objective on shares of Stratasys in a report on Thursday, March 7th. BidaskClub cut Stratasys from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Zacks Investment Research cut Stratasys from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, ValuEngine cut Stratasys from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Stratasys presently has an average rating of “Hold” and a consensus price target of $23.50.

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Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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