Gabelli Reiterates “Buy” Rating for Stratasys Ltd. (SSYS)
Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “buy” rating restated by equities research analysts at Gabelli in a research report issued to clients and investors on Saturday.
SSYS has been the subject of several other research reports. Jefferies Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Stratasys in a research note on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price (down previously from $23.00) on shares of Stratasys in a research note on Friday. Brean Capital reissued a “hold” rating on shares of Stratasys in a research note on Monday, August 8th. Bank of America Corp. reissued an “underperform” rating and issued a $23.00 target price on shares of Stratasys in a research note on Thursday, August 25th. Finally, Vetr downgraded shares of Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 target price for the company. in a research note on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.36.
Shares of Stratasys (NASDAQ:SSYS) traded down 0.11% during mid-day trading on Friday, hitting $18.64. 1,036,089 shares of the stock traded hands. The company’s market cap is $973.32 million. The stock has a 50 day moving average price of $20.60 and a 200-day moving average price of $21.46. Stratasys has a one year low of $14.48 and a one year high of $30.46.
A number of institutional investors have recently added to or reduced their stakes in SSYS. UBS Oconnor LLC bought a new position in Stratasys during the second quarter worth $12,856,000. State Treasurer State of Michigan raised its position in shares of Stratasys by 389.0% in the third quarter. State Treasurer State of Michigan now owns 374,603 shares of the company’s stock worth $9,024,000 after buying an additional 298,000 shares during the last quarter. Granite Investment Partners LLC acquired a new position in shares of Stratasys during the third quarter worth about $6,273,000. American Century Companies Inc. acquired a new position in shares of Stratasys during the second quarter worth about $2,934,000. Finally, Northern Trust Corp raised its position in shares of Stratasys by 17.2% in the third quarter. Northern Trust Corp now owns 863,045 shares of the company’s stock worth $20,791,000 after buying an additional 126,938 shares during the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.
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.
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