Legal & General Group Plc increased its position in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,032,041 shares of the technology company’s stock after buying an additional 107,472 shares during the quarter. Legal & General Group Plc owned about 1.21% of Stratasys worth $8,958,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in Stratasys during the fourth quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in Stratasys in the fourth quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of Stratasys in the 3rd quarter valued at $34,000. Raymond James Financial Inc. purchased a new position in shares of Stratasys during the 2nd quarter worth $35,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Stratasys by 66.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after purchasing an additional 3,282 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.
Stratasys Trading Down 2.9%
Shares of NASDAQ SSYS opened at $9.56 on Friday. The stock has a market capitalization of $823.79 million, a PE ratio of -7.08 and a beta of 1.90. Stratasys, Ltd. has a twelve month low of $7.34 and a twelve month high of $12.81. The stock has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $9.27.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on SSYS shares. Needham & Company LLC reduced their price objective on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Weiss Ratings raised shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. Finally, Craig Hallum dropped their price target on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.
View Our Latest Stock Report on SSYS
About Stratasys
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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