Craig Hallum cut shares of Stratasys Ltd. (NASDAQ:SSYS) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities research analysts also recently issued research reports about the company. Piper Jaffray Cos. downgraded Stratasys from an overweight rating to a neutral rating and cut their price target for the stock from $32.00 to $24.00 in a report on Monday, July 18th. Vetr upgraded Stratasys from a buy rating to a strong-buy rating and set a $28.67 price target on the stock in a report on Monday, October 3rd. Zacks Investment Research downgraded Stratasys from a strong-buy rating to a hold rating in a report on Monday, August 1st. FBR & Co restated an outperform rating and set a $29.00 price target on shares of Stratasys in a report on Monday, October 3rd. Finally, Brean Capital restated a hold rating on shares of Stratasys in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Stratasys currently has an average rating of Hold and an average target price of $25.22.

Shares of Stratasys (NASDAQ:SSYS) traded up 1.84% during midday trading on Tuesday, reaching $18.28. The company’s stock had a trading volume of 1,750,441 shares. The stock’s 50-day moving average price is $20.98 and its 200-day moving average price is $21.53. Stratasys has a 12-month low of $14.48 and a 12-month high of $30.46. The company’s market cap is $954.53 million.

A number of institutional investors have recently added to or reduced their stakes in SSYS. Penserra Capital Management LLC increased its position in Stratasys by 33.3% in the third quarter. Penserra Capital Management LLC now owns 4,400 shares of the company’s stock valued at $105,000 after buying an additional 1,100 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Stratasys during the third quarter valued at about $145,000. Tower Research Capital LLC TRC acquired a new stake in Stratasys during the second quarter valued at about $164,000. Creative Planning boosted its stake in Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock valued at $188,000 after buying an additional 4,305 shares during the period. Finally, Advisor Group Inc. boosted its stake in Stratasys by 93.8% in the third quarter. Advisor Group Inc. now owns 8,360 shares of the company’s stock valued at $201,000 after buying an additional 4,046 shares during the period. 63.64% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:SSYS

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