Douglas Lane & Associates LLC Decreases Stake in Stratasys Ltd. (NASDAQ:SSYS)

Douglas Lane & Associates LLC trimmed its position in Stratasys Ltd. (NASDAQ:SSYS) by 50.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 601,369 shares of the technology company’s stock after selling 620,653 shares during the period. Douglas Lane & Associates LLC’s holdings in Stratasys were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after purchasing an additional 2,483 shares during the last quarter. Barclays PLC grew its stake in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,525 shares during the period. Geode Capital Management LLC increased its holdings in Stratasys by 42.2% in the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock valued at $560,000 after buying an additional 20,012 shares in the last quarter. Jane Street Group LLC raised its holdings in Stratasys by 17.4% in the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock worth $858,000 after purchasing an additional 15,318 shares during the period. Finally, State Street Corp increased its holdings in Stratasys by 1.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SSYS. Craig Hallum lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, Needham & Company LLC raised their price objective on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Stratasys currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Trading Down 2.1 %

NASDAQ SSYS opened at $9.00 on Thursday. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.33. The stock has a market cap of $642.40 million, a PE ratio of -6.82 and a beta of 1.31. The stock has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $8.29.

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

Stratasys Company 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.