Nano Cap New Millennium Growth Fund L P bought a new position in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 112,500 shares of the technology company’s stock, valued at approximately $976,000.
A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Stratasys by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company’s stock valued at $2,148,000 after buying an additional 6,306 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Stratasys by 41.0% during the second quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company’s stock valued at $3,813,000 after buying an additional 96,731 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Stratasys by 17.6% during the second quarter. Russell Investments Group Ltd. now owns 78,902 shares of the technology company’s stock valued at $905,000 after buying an additional 11,808 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Stratasys during the second quarter valued at $1,708,000. Finally, Marshall Wace LLP purchased a new position in shares of Stratasys during the second quarter valued at $574,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.
Stratasys Stock Performance
Shares of SSYS stock opened at $8.53 on Friday. The stock’s 50 day simple moving average is $8.30 and its 200 day simple moving average is $9.25. Stratasys, Ltd. has a twelve month low of $7.34 and a twelve month high of $12.81. The company has a market capitalization of $735.03 million, a price-to-earnings ratio of -6.32 and a beta of 1.86.
Wall Street Analysts Forecast Growth
SSYS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a report on Thursday, January 22nd. Needham & Company LLC lowered their price target on Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Craig Hallum lowered their price target on Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and a consensus target price of $12.33.
Get Our Latest Stock Report on SSYS
Stratasys Profile
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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