Morgan Stanley decreased its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 18.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 247,561 shares of the technology company’s stock after selling 55,329 shares during the period. Morgan Stanley’s holdings in Stratasys were worth $5,073,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its position in shares of Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after buying an additional 1,281,000 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of Stratasys by 3.3% in the first quarter. Riverbridge Partners LLC now owns 1,845,424 shares of the technology company’s stock worth $37,813,000 after buying an additional 59,249 shares in the last quarter. State Street Corp boosted its position in shares of Stratasys by 2.5% in the fourth quarter. State Street Corp now owns 811,176 shares of the technology company’s stock worth $13,417,000 after buying an additional 19,694 shares in the last quarter. AXA boosted its position in shares of Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock worth $11,503,000 after buying an additional 143,741 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stratasys by 65.9% in the first quarter. Dimensional Fund Advisors LP now owns 528,544 shares of the technology company’s stock worth $10,829,000 after buying an additional 209,886 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stratasys, Ltd. (NASDAQ:SSYS) traded up 0.94% on Wednesday, hitting $22.60. The stock had a trading volume of 401,847 shares. The firm’s market cap is $1.19 billion. Stratasys, Ltd. has a 12 month low of $16.37 and a 12 month high of $30.88. The firm’s 50-day moving average price is $24.50 and its 200 day moving average price is $23.25.

Stratasys (NASDAQ:SSYS) last released 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 $0.07 by $0.10. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The firm had revenue of $170 million during the quarter, compared to the consensus estimate of $167.82 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts anticipate that Stratasys, Ltd. will post $0.28 EPS for the current fiscal year.

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A number of equities analysts recently commented on SSYS shares. Piper Jaffray Companies raised Stratasys from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $21.00 to $28.00 in a report on Monday, April 17th. Standpoint Research cut Stratasys from a “buy” rating to a “reduce” rating in a report on Monday, April 24th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Zacks Investment Research cut Stratasys from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub cut Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.68.

About Stratasys

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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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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