Marcus Capital LLC lifted its position in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 21.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,975 shares of the technology company’s stock after buying an additional 10,375 shares during the quarter. Marcus Capital LLC owned about 0.11% of Stratasys worth $1,351,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Stratasys by 0.7% during the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares in the last quarter. IFP Advisors Inc raised its stake in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after purchasing an additional 225 shares in the last quarter. Rhumbline Advisers raised its stake in Stratasys by 1.6% in the second quarter. Rhumbline Advisers now owns 57,006 shares of the technology company’s stock valued at $1,329,000 after purchasing an additional 889 shares in the last quarter. Teachers Advisors LLC raised its stake in Stratasys by 1.5% in the first quarter. Teachers Advisors LLC now owns 82,995 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Stratasys by 3.7% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 40,857 shares of the technology company’s stock valued at $837,000 after purchasing an additional 1,446 shares in the last quarter. 67.04% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Cowen and Company reaffirmed a “hold” rating and issued a $23.00 price target on shares of Stratasys in a research note on Sunday. Loop Capital assumed coverage on Stratasys in a research note on Monday, July 24th. They issued a “hold” rating and a $24.00 price target for the company. Goldman Sachs Group, Inc. (The) downgraded Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a research note on Monday, June 26th. Susquehanna Bancshares Inc began coverage on Stratasys in a research report on Thursday, July 13th. They issued a “neutral” rating and a $22.00 target price on the stock. Finally, BidaskClub cut Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.66.
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Shares of Stratasys, Ltd. (NASDAQ SSYS) traded up 1.35% during mid-day trading on Friday, reaching $24.06. The company had a trading volume of 556,069 shares. The firm’s market capitalization is $1.27 billion. Stratasys, Ltd. has a 12-month low of $16.37 and a 12-month high of $30.88. The stock has a 50 day moving average price of $22.75 and a 200 day moving average price of $23.70.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm had revenue of $170.00 million for the quarter, compared to the consensus estimate of $167.82 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Stratasys, Ltd. will post $0.37 earnings per share for the current year.
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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