Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 59.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,225 shares of the technology company’s stock after selling 114,052 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Stratasys were worth $619,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Stratasys by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company’s stock valued at $2,148,000 after purchasing an additional 6,306 shares during the period. JPMorgan Chase & Co. raised its holdings in Stratasys by 41.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company’s stock worth $3,813,000 after buying an additional 96,731 shares during the period. Russell Investments Group Ltd. raised its holdings in Stratasys by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 78,902 shares of the technology company’s stock worth $905,000 after buying an additional 11,808 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Stratasys in the second quarter valued at approximately $1,708,000. Finally, Marshall Wace LLP acquired a new position in shares of Stratasys in the second quarter valued at approximately $574,000. Institutional investors own 75.77% of the company’s stock.
Stratasys Price Performance
SSYS stock opened at $8.19 on Friday. The stock has a market capitalization of $705.73 million, a P/E ratio of -6.07 and a beta of 1.91. Stratasys, Ltd. has a fifty-two week low of $7.34 and a fifty-two week high of $12.81. The business has a 50-day moving average of $8.79 and a 200-day moving average of $9.19.
Wall Street Analyst Weigh In
Separately, 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 analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.
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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