Clinton Group Inc. reduced its position in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 67.5% during the first quarter, Holdings Channel reports. The firm owned 10,368 shares of the technology company’s stock after selling 21,527 shares during the period. Clinton Group Inc.’s holdings in Stratasys were worth $212,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its position in Stratasys by 2.5% in the fourth quarter. State Street Corp now owns 811,176 shares of the technology company’s stock worth $13,417,000 after buying an additional 19,694 shares during the period. Norges Bank bought a new position in Stratasys during the fourth quarter worth approximately $4,187,000. Vident Investment Advisory LLC increased its position in Stratasys by 87.9% in the fourth quarter. Vident Investment Advisory LLC now owns 79,472 shares of the technology company’s stock worth $1,314,000 after buying an additional 37,181 shares during the period. Gamco Investors INC. ET AL increased its position in Stratasys by 25.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 386,760 shares of the technology company’s stock worth $6,397,000 after buying an additional 77,640 shares during the period. Finally, Trexquant Investment LP bought a new position in Stratasys during the fourth quarter worth approximately $511,000. 67.09% of the stock is owned by institutional investors and hedge funds.
Stratasys, Ltd. (NASDAQ SSYS) opened at 26.32 on Friday. Stratasys, Ltd. has a 1-year low of $16.37 and a 1-year high of $30.88. The firm’s market cap is $1.39 billion. The stock has a 50 day moving average price of $27.52 and a 200 day moving average price of $21.84.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. The company had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $162.38 million. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. Stratasys’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 EPS. On average, analysts anticipate that Stratasys, Ltd. will post $0.28 EPS for the current year.
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SSYS has been the subject of a number of analyst reports. Vetr raised Stratasys from a “buy” rating to a “strong-buy” rating and set a $23.15 price target for the company in a research note on Monday, February 27th. Piper Jaffray Companies raised Stratasys from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $21.00 to $28.00 in a research note on Monday, April 17th. Jefferies Group LLC reissued a “buy” rating and set a $24.00 target price (down previously from $25.00) on shares of Stratasys in a research note on Saturday, March 11th. Standpoint Research downgraded Stratasys from a “buy” rating to a “reduce” rating in a research note on Monday, April 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Stratasys in a research note on Saturday, March 11th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Stratasys has a consensus rating of “Hold” and an average target price of $23.93.
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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