Charles Schwab Investment Management Inc. Has $1.21 Million Stake in Stratasys Ltd. (NASDAQ:SSYS)

Charles Schwab Investment Management Inc. lowered its position in Stratasys Ltd. (NASDAQ:SSYS) by 32.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 145,224 shares of the technology company’s stock after selling 70,375 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Stratasys were worth $1,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Stratasys by 510.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after acquiring an additional 56,699 shares in the last quarter. Trium Capital LLP boosted its holdings in Stratasys by 5.6% in the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 8,052 shares in the last quarter. Gabelli Funds LLC increased its position in Stratasys by 9.0% during the second quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock worth $1,620,000 after buying an additional 16,000 shares during the last quarter. RPG Investment Advisory LLC raised its holdings in Stratasys by 6.1% during the second quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company’s stock valued at $4,271,000 after buying an additional 29,177 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after buying an additional 4,589 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Stratasys Trading Down 2.4 %

SSYS opened at $9.99 on Wednesday. The business has a 50 day moving average of $8.62 and a 200-day moving average of $8.23. The stock has a market capitalization of $713.07 million, a price-to-earnings ratio of -7.57 and a beta of 1.31. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same period in the prior year, the firm earned ($0.05) EPS. The business’s revenue was down 13.6% on a year-over-year basis. Equities analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SSYS shares. Craig Hallum increased their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Loop Capital dropped their price target on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald lowered their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Lake Street Capital dropped their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Stratasys currently has an average rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.