Stratasys, Ltd. (SSYS) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN lowered its holdings in Stratasys, Ltd. (NASDAQ:SSYS) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 64,114 shares of the technology company’s stock after selling 5,834 shares during the quarter. Wells Fargo & Company MN’s holdings in Stratasys were worth $1,482,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zeke Capital Advisors LLC purchased a new stake in Stratasys in the 3rd quarter worth approximately $322,000. American International Group Inc. lifted its holdings in Stratasys by 8.1% in the 3rd quarter. American International Group Inc. now owns 33,518 shares of the technology company’s stock worth $775,000 after buying an additional 2,506 shares during the period. Systematic Financial Management LP purchased a new stake in Stratasys in the 3rd quarter worth approximately $1,528,000. Cortina Asset Management LLC lifted its holdings in Stratasys by 21.5% in the 3rd quarter. Cortina Asset Management LLC now owns 233,861 shares of the technology company’s stock worth $5,407,000 after buying an additional 41,344 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Stratasys in the 3rd quarter worth approximately $360,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Several equities research analysts have weighed in on SSYS shares. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, November 17th. BidaskClub upgraded Stratasys from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Susquehanna Bancshares upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price objective for the company in a report on Friday, October 20th. UBS Group upgraded Stratasys from a “neutral” rating to a “positive” rating in a report on Friday, October 20th. Finally, B. Riley cut Stratasys from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $30.00 in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Stratasys currently has a consensus rating of “Hold” and a consensus target price of $24.94.
Stratasys (NASDAQ:SSYS) last released its earnings results on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $155.90 million during the quarter, compared to analysts’ expectations of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company’s revenue was down .8% on a year-over-year basis. analysts expect that Stratasys, Ltd. will post 0.17 earnings per share for the current year.
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Stratasys Company Profile
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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