Barclays PLC Raises Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Barclays PLC grew its stake in Stratasys Ltd. (NASDAQ:SSYS) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,454 shares of the technology company’s stock after purchasing an additional 1,525 shares during the quarter. Barclays PLC’s holdings in Stratasys were worth $669,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,500 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after buying an additional 3,791 shares during the period. ARK Investment Management LLC boosted its position in shares of Stratasys by 0.7% during the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after purchasing an additional 4,589 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after buying an additional 4,600 shares in the last quarter. Finally, Trium Capital LLP boosted its position in shares of Stratasys by 5.6% in the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 8,052 shares during the period. Institutional investors own 75.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SSYS shares. Loop Capital reduced their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Craig Hallum lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC raised their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Price Performance

SSYS stock opened at $8.89 on Thursday. The stock has a market capitalization of $634.55 million, a P/E ratio of -6.73 and a beta of 1.31. The business has a 50-day moving average of $9.03 and a 200-day moving average of $8.26. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $14.33.

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

About Stratasys

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.