Raymond James & Associates Takes Position in Stratasys Ltd (SSYS)

Raymond James & Associates acquired a new stake in shares of Stratasys Ltd (NASDAQ:SSYS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,467 shares of the technology company’s stock, valued at approximately $698,000. Raymond James & Associates owned about 0.07% of Stratasys as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SSYS. Schwab Charles Investment Management Inc. raised its holdings in shares of Stratasys by 6.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 90,006 shares of the technology company’s stock valued at $1,817,000 after purchasing an additional 5,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stratasys by 15.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,292,337 shares of the technology company’s stock worth $46,259,000 after acquiring an additional 306,763 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Stratasys during the first quarter worth $269,000. Legal & General Group Plc boosted its position in shares of Stratasys by 3,143.4% during the first quarter. Legal & General Group Plc now owns 616,700 shares of the technology company’s stock worth $12,445,000 after acquiring an additional 597,686 shares during the last quarter. Finally, Daiwa SB Investments Ltd. boosted its position in shares of Stratasys by 68.1% during the second quarter. Daiwa SB Investments Ltd. now owns 188,559 shares of the technology company’s stock worth $3,609,000 after acquiring an additional 76,421 shares during the last quarter. 76.62% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on SSYS shares. BidaskClub lowered shares of Stratasys from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Cowen set a $20.00 target price on shares of Stratasys and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Susquehanna Bancshares set a $25.00 target price on shares of Stratasys and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Bank of America upped their target price on shares of Stratasys from $17.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.67.

Stratasys stock opened at $20.37 on Tuesday. The firm has a market cap of $1.08 billion, a P/E ratio of 156.69, a price-to-earnings-growth ratio of 6.29 and a beta of 1.72. The company has a current ratio of 3.66, a quick ratio of 2.97 and a debt-to-equity ratio of 0.02. Stratasys Ltd has a 52-week low of $17.17 and a 52-week high of $26.17.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. The company had revenue of $170.20 million for the quarter, compared to the consensus estimate of $167.06 million. Stratasys had a negative net margin of 5.57% and a positive return on equity of 0.78%. Stratasys’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, equities research analysts predict that Stratasys Ltd will post 0.2 earnings per share for the current fiscal year.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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