Stratasys Ltd (SSYS) Holdings Raised by Westside Investment Management Inc.

Westside Investment Management Inc. boosted its stake in shares of Stratasys Ltd (NASDAQ:SSYS) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,070 shares of the technology company’s stock after purchasing an additional 745 shares during the quarter. Westside Investment Management Inc. owned about 0.07% of Stratasys worth $686,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SSYS. Rhumbline Advisers boosted its position in shares of Stratasys by 43.9% during the 4th quarter. Rhumbline Advisers now owns 72,198 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 22,036 shares in the last quarter. Bank of Montreal Can raised its stake in Stratasys by 43.2% during the 4th quarter. Bank of Montreal Can now owns 16,316 shares of the technology company’s stock worth $294,000 after buying an additional 4,920 shares during the period. Vanguard Group Inc raised its stake in Stratasys by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 127,778 shares of the technology company’s stock worth $2,953,000 after buying an additional 1,620 shares during the period. Federated Investors Inc. PA raised its stake in Stratasys by 160.7% during the 3rd quarter. Federated Investors Inc. PA now owns 179,532 shares of the technology company’s stock worth $4,149,000 after buying an additional 110,654 shares during the period. Finally, Teachers Advisors LLC raised its stake in Stratasys by 3.0% during the 3rd quarter. Teachers Advisors LLC now owns 97,664 shares of the technology company’s stock worth $2,257,000 after buying an additional 2,832 shares during the period. 73.52% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SSYS traded up $0.17 during trading hours on Monday, reaching $26.11. 7,329 shares of the stock traded hands, compared to its average volume of 637,537. Stratasys Ltd has a 1 year low of $17.06 and a 1 year high of $27.16. The company has a quick ratio of 3.23, a current ratio of 3.95 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 201.00, a PEG ratio of 4.57 and a beta of 1.99.

A number of research firms recently weighed in on SSYS. BidaskClub raised Stratasys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Cowen set a $22.00 price target on Stratasys and gave the stock a “hold” rating in a research note on Thursday, November 1st. Susquehanna Bancshares set a $27.00 price target on Stratasys and gave the stock a “buy” rating in a research note on Thursday, November 1st. ValuEngine raised Stratasys from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Piper Jaffray Companies raised Stratasys from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $31.00 in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.57.

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About Stratasys

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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