Schwab Charles Investment Management Inc. increased its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,706 shares of the technology company’s stock after buying an additional 7,500 shares during the period. Schwab Charles Investment Management Inc. owned 0.16% of Stratasys worth $1,975,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SSYS. Janney Montgomery Scott LLC acquired a new position in Stratasys during the second quarter valued at approximately $204,000. Stifel Financial Corp grew its holdings in Stratasys by 0.7% during the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock valued at $254,000 after purchasing an additional 77 shares during the period. American International Group Inc. grew its holdings in Stratasys by 7.1% during the first quarter. American International Group Inc. now owns 30,206 shares of the technology company’s stock valued at $619,000 after purchasing an additional 1,993 shares during the period. Canada Pension Plan Investment Board grew its holdings in Stratasys by 742.6% during the second quarter. Canada Pension Plan Investment Board now owns 32,905 shares of the technology company’s stock valued at $767,000 after purchasing an additional 29,000 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Stratasys during the first quarter valued at approximately $870,000. 67.01% of the stock is owned by institutional investors and hedge funds.
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Stratasys, Ltd. (NASDAQ:SSYS) opened at 23.47 on Wednesday. The stock has a 50 day moving average of $23.05 and a 200 day moving average of $24.39. Stratasys, Ltd. has a 12 month low of $16.37 and a 12 month high of $30.88. The company’s market capitalization is $1.24 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.16. The firm had revenue of $170.00 million for the quarter, compared to the consensus estimate of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Equities analysts anticipate that Stratasys, Ltd. will post $0.37 EPS for the current fiscal year.
A number of brokerages recently issued reports on SSYS. Cowen and Company restated a “market perform” rating and set a $23.00 price objective (down previously from $27.00) on shares of Stratasys in a report on Thursday, August 10th. Zacks Investment Research cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. upgraded shares of Stratasys from a “neutral” rating to a “buy” rating and reduced their price target for the company from $32.00 to $29.00 in a report on Thursday, August 10th. Finally, Deutsche Bank AG reduced their price target on shares of Stratasys from $31.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.77.
Stratasys Company Profile
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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