Renaissance Technologies LLC Has $4.91 Million Stake in Stratasys (SSYS)
Renaissance Technologies LLC cut its holdings in shares of Stratasys (NASDAQ:SSYS) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,132 shares of the technology company’s stock after selling 49,100 shares during the period. Renaissance Technologies LLC’s holdings in Stratasys were worth $4,913,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. AXA boosted its position in shares of Stratasys by 38.1% during the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock worth $24,464,000 after buying an additional 292,084 shares during the period. California Public Employees Retirement System boosted its position in shares of Stratasys by 12.6% during the third quarter. California Public Employees Retirement System now owns 99,746 shares of the technology company’s stock worth $2,306,000 after buying an additional 11,146 shares during the period. SG Americas Securities LLC boosted its position in shares of Stratasys by 76.5% during the fourth quarter. SG Americas Securities LLC now owns 18,710 shares of the technology company’s stock worth $373,000 after buying an additional 8,107 shares during the period. Douglas Lane & Associates LLC boosted its position in shares of Stratasys by 8.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,133,221 shares of the technology company’s stock worth $22,619,000 after buying an additional 84,799 shares during the period. Finally, ARK Investment Management LLC boosted its position in shares of Stratasys by 77.2% during the fourth quarter. ARK Investment Management LLC now owns 2,761,525 shares of the technology company’s stock worth $55,120,000 after buying an additional 1,203,256 shares during the period. Institutional investors and hedge funds own 70.82% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub upgraded Stratasys from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Stratasys presently has an average rating of “Hold” and an average target price of $25.50.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Stratasys had a positive return on equity of 0.66% and a negative net margin of 5.98%. The firm had revenue of $179.34 million for the quarter, compared to analysts’ expectations of $174.30 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. analysts anticipate that Stratasys will post 0.17 earnings per share for the current fiscal year.
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Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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