Douglas Lane & Associates LLC Acquires 34,991 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Douglas Lane & Associates LLC increased its holdings in Stratasys Ltd. (NASDAQ:SSYSGet Rating) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,369,726 shares of the technology company’s stock after buying an additional 34,991 shares during the period. Douglas Lane & Associates LLC owned about 2.42% of Stratasys worth $34,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in Stratasys by 0.6% in the third quarter. LPL Financial LLC now owns 94,492 shares of the technology company’s stock worth $2,033,000 after buying an additional 530 shares in the last quarter. Van ECK Associates Corp raised its stake in Stratasys by 7.7% in the fourth quarter. Van ECK Associates Corp now owns 15,380 shares of the technology company’s stock worth $377,000 after buying an additional 1,102 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Stratasys in the fourth quarter worth approximately $39,000. Concord Wealth Partners raised its stake in Stratasys by 189.7% in the fourth quarter. Concord Wealth Partners now owns 2,926 shares of the technology company’s stock worth $72,000 after buying an additional 1,916 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Stratasys by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock worth $225,000 after buying an additional 2,650 shares in the last quarter. 83.86% of the stock is owned by institutional investors.

SSYS opened at $19.02 on Wednesday. Stratasys Ltd. has a twelve month low of $15.86 and a twelve month high of $42.83. The company has a 50-day moving average price of $18.82 and a 200 day moving average price of $22.01. The company has a market cap of $1.08 billion, a PE ratio of -19.41 and a beta of 1.30.

Stratasys (NASDAQ:SSYSGet Rating) last released its quarterly earnings results on Monday, May 16th. The technology company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. Stratasys had a negative net margin of 10.06% and a negative return on equity of 2.97%. The firm had revenue of $163.43 million during the quarter, compared to the consensus estimate of $157.80 million. As a group, sell-side analysts expect that Stratasys Ltd. will post -0.31 earnings per share for the current year.

SSYS has been the subject of a number of recent research reports. William Blair reissued an “underperform” rating on shares of Stratasys in a research note on Tuesday, May 17th. JPMorgan Chase & Co. raised shares of Stratasys from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a report on Tuesday, May 17th. StockNews.com initiated coverage on shares of Stratasys in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Lake Street Capital cut their price target on shares of Stratasys from $40.00 to $29.00 in a report on Tuesday, May 17th. Finally, TheStreet raised shares of Stratasys from a “d+” rating to a “c-” rating in a report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.40.

About Stratasys (Get Rating)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

See Also

Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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