Monaco Asset Management SAM bought a new position in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 115,000 shares of the technology company’s stock, valued at approximately $998,000.
Other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in shares of Stratasys in the fourth quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of Stratasys in the fourth quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in shares of Stratasys in the third quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new position in shares of Stratasys in the second quarter worth approximately $35,000. Finally, Osaic Holdings Inc. increased its position in shares of Stratasys by 66.7% in the second quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,282 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.
Stratasys Stock Performance
Shares of SSYS opened at $10.54 on Monday. The company’s 50 day moving average price is $8.50 and its 200 day moving average price is $9.25. Stratasys, Ltd. has a 52 week low of $7.34 and a 52 week high of $12.81. The company has a market capitalization of $908.23 million, a PE ratio of -7.81 and a beta of 1.90.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on SSYS shares. Craig Hallum dropped their target price on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Needham & Company LLC lowered their price objective on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings raised shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.
Get Our Latest Report on Stratasys
About Stratasys
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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