Investment House LLC Has $1,308,000 Position in Stratasys Ltd. (SSYS)
Investment House LLC lowered its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 57,160 shares of the company’s stock after selling 950 shares during the period. Investment House LLC owned approximately 0.11% of Stratasys worth $1,308,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Douglas Lane & Associates LLC acquired a new position in shares of Stratasys during the first quarter worth about $30,334,000. Disciplined Growth Investors Inc. MN boosted its position in shares of Stratasys by 3.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 146,509 shares of the company’s stock worth $3,798,000 after buying an additional 4,625 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock worth $2,079,000 after buying an additional 5,474 shares in the last quarter. Marcus Capital LLC boosted its position in shares of Stratasys by 0.3% in the first quarter. Marcus Capital LLC now owns 40,450 shares of the company’s stock worth $1,048,000 after buying an additional 125 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock worth $103,841,000 after buying an additional 721,200 shares in the last quarter. Hedge funds and other institutional investors own 63.58% of the company’s stock.
Shares of Stratasys Ltd. (NASDAQ:SSYS) traded up 1.05% during trading on Wednesday, reaching $22.22. 693,226 shares of the company traded hands. Stratasys Ltd. has a 52 week low of $14.48 and a 52 week high of $32.52. The company’s 50-day moving average price is $21.72 and its 200-day moving average price is $22.82. The company’s market capitalization is $1.16 billion.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $175.88 million. During the same period in the prior year, the firm posted $0.15 EPS. Stratasys’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts forecast that Stratasys Ltd. will post $0.32 EPS for the current fiscal year.
SSYS has been the subject of a number of analyst reports. FBR & Co initiated coverage on shares of Stratasys in a report on Tuesday, May 24th. They set an “outperform” rating and a $29.00 price objective for the company. Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $26.00 price target on shares of Stratasys in a research report on Thursday, June 9th. Zacks Investment Research raised shares of 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. Finally, Piper Jaffray Cos. lowered shares of Stratasys from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $24.00 in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Stratasys currently has a consensus rating of “Hold” and a consensus price target of $25.86.
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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