Stratasys Ltd. (NASDAQ:SSYS) shares saw strong trading volume on Thursday . 1,058,781 shares were traded during trading, an increase of 13% from the previous session’s volume of 936,311 shares.The stock last traded at $23.66 and had previously closed at $23.47.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, June 28th. FBR & Co reaffirmed a “buy” rating and set a $29.00 price target on shares of Stratasys in a research report on Tuesday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Stratasys in a research report on Thursday, June 9th. Pacific Crest reaffirmed an “equal weight” rating on shares of Stratasys in a research report on Sunday, June 5th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 price target on shares of Stratasys in a research report on Friday, May 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Stratasys currently has a consensus rating of “Hold” and an average target price of $29.00.

The company’s 50 day moving average is $22.38 and its 200-day moving average is $22.05. The stock’s market cap is $1.23 billion.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $167.90 million for the quarter, compared to analyst estimates of $165.11 million. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities research analysts forecast that Stratasys Ltd. will post $0.33 earnings per share for the current year.

A number of hedge funds and institutional investors recently modified their holdings of the company. Lapides Asset Management LLC raised its position in shares of Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the company’s stock valued at $9,963,000 after buying an additional 228,800 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Stratasys by 9.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the company’s stock valued at $28,176,000 after buying an additional 100,000 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Stratasys by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 55,565 shares of the company’s stock valued at $1,304,000 after buying an additional 1,220 shares during the last quarter. Bank of Montreal Can raised its position in shares of Stratasys by 43.3% in the fourth quarter. Bank of Montreal Can now owns 137,072 shares of the company’s stock valued at $3,219,000 after buying an additional 41,421 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Stratasys by 12.7% in the fourth quarter. Gabelli Funds LLC now owns 160,000 shares of the company’s stock valued at $3,757,000 after buying an additional 18,000 shares during the last quarter.

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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