Pinnacle Associates Ltd. Sells 77,285 Shares of Stratasys, Ltd. $SSYS

Pinnacle Associates Ltd. trimmed its position in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 664,178 shares of the technology company’s stock after selling 77,285 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.78% of Stratasys worth $5,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP grew its stake in Stratasys by 18.3% during the second quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company’s stock worth $89,502,000 after buying an additional 1,205,764 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Stratasys by 18.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,629,459 shares of the technology company’s stock worth $14,144,000 after buying an additional 256,908 shares during the last quarter. Capital World Investors bought a new stake in Stratasys during the third quarter worth about $15,204,000. TSP Capital Management Group LLC grew its stake in Stratasys by 15.2% during the fourth quarter. TSP Capital Management Group LLC now owns 1,088,150 shares of the technology company’s stock worth $9,445,000 after buying an additional 143,800 shares during the last quarter. Finally, Kopion Asset Management LLC grew its stake in Stratasys by 21.7% during the fourth quarter. Kopion Asset Management LLC now owns 935,626 shares of the technology company’s stock worth $8,121,000 after buying an additional 166,523 shares during the last quarter. 75.77% of the stock is owned by institutional investors.

Stratasys Price Performance

SSYS opened at $8.56 on Friday. Stratasys, Ltd. has a one year low of $7.34 and a one year high of $12.81. The company’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $9.35. The stock has a market capitalization of $737.62 million, a P/E ratio of -6.34 and a beta of 1.86.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Stratasys had a negative net margin of 21.00% and a negative return on equity of 1.73%. The business had revenue of $132.70 million for the quarter, compared to analysts’ expectations of $131.82 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Stratasys’s revenue was down 2.5% compared to the same quarter last year. Stratasys has set its FY 2026 guidance at 0.090-0.140 EPS. As a group, analysts anticipate that Stratasys, Ltd. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

SSYS has been the topic of several research analyst reports. Craig Hallum decreased their price objective on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research note on Thursday, January 22nd. Finally, Needham & Company LLC decreased their price target on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Stratasys currently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Stratasys Company Profile

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.