Stratasys Ltd. (NASDAQ:SSYS) dropped 4% on Thursday . The company traded as low as $19.57 and last traded at $19.59, with a volume of 1,478,286 shares changing hands. The stock had previously closed at $20.40.

SSYS has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Stratasys in a report on Friday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Stratasys in a report on Tuesday, May 10th. Pacific Crest reaffirmed an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. FBR & Co initiated coverage on Stratasys in a report on Tuesday, May 24th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Zacks Investment Research lowered Stratasys from a “strong-buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Stratasys currently has a consensus rating of “Hold” and a consensus target price of $26.00.

The firm’s 50-day moving average is $21.57 and its 200 day moving average is $21.86. The firm’s market capitalization is $1.02 billion.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm earned $172.10 million during the quarter, compared to analyst estimates of $175.88 million. Stratasys’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Analysts anticipate that Stratasys Ltd. will post $0.33 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its position in 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 worth $28,176,000 after buying an additional 100,000 shares in the last quarter. Lapides Asset Management LLC raised its position in Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the company’s stock worth $9,963,000 after buying an additional 228,800 shares in the last quarter. Bank of Montreal Can raised its position in Stratasys by 43.3% in the fourth quarter. Bank of Montreal Can now owns 137,072 shares of the company’s stock worth $3,219,000 after buying an additional 41,421 shares in the last quarter. California State Teachers Retirement System raised its position in Stratasys by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 94,339 shares of the company’s stock worth $2,215,000 after buying an additional 1,435 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Stratasys by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 78,146 shares of the company’s stock worth $1,835,000 after buying an additional 1,400 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.