Stratasys Ltd. (NASDAQ:SSYS) Position Increased by Legal & General Group Plc

Legal & General Group Plc raised its stake in Stratasys Ltd. (NASDAQ:SSYS) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 941,407 shares of the technology company’s stock after buying an additional 5,541 shares during the period. Legal & General Group Plc owned approximately 1.32% of Stratasys worth $8,369,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SSYS. RPG Investment Advisory LLC raised its position in shares of Stratasys by 64.6% during the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after purchasing an additional 426,341 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Stratasys by 53.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after purchasing an additional 400,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stratasys by 401.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock valued at $3,023,000 after acquiring an additional 272,198 shares during the last quarter. Royce & Associates LP bought a new stake in Stratasys in the fourth quarter worth $1,467,000. Finally, ARK Investment Management LLC increased its holdings in shares of Stratasys by 8.7% during the 4th quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company’s stock valued at $6,254,000 after acquiring an additional 56,304 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Analyst Ratings Changes

SSYS has been the topic of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC lifted their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Stratasys Trading Down 2.6 %

Stratasys stock opened at $9.08 on Friday. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88. The company’s 50-day moving average is $10.13 and its two-hundred day moving average is $9.42. The company has a market cap of $651.18 million, a PE ratio of -6.88 and a beta of 1.44.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to the consensus estimate of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. Research analysts forecast that Stratasys Ltd. will post -0.4 EPS for the current year.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.