Renaissance Technologies LLC reduced its holdings in shares of Stratasys Ltd (NASDAQ:SSYS) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,187,432 shares of the technology company’s stock after selling 14,966 shares during the quarter. Renaissance Technologies LLC owned approximately 2.20% of Stratasys worth $34,875,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Weil Company Inc. boosted its position in shares of Stratasys by 20.0% during the 1st quarter. Weil Company Inc. now owns 15,005 shares of the technology company’s stock worth $357,000 after acquiring an additional 2,500 shares in the last quarter. ARK Investment Management LLC boosted its position in shares of Stratasys by 6.2% during the 2nd quarter. ARK Investment Management LLC now owns 7,711,945 shares of the technology company’s stock worth $226,500,000 after acquiring an additional 452,017 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Stratasys during the 1st quarter worth about $320,000. Wellington Shields Capital Management LLC acquired a new position in shares of Stratasys during the 2nd quarter worth about $2,056,000. Finally, Alps Advisors Inc. boosted its position in shares of Stratasys by 34.8% during the 2nd quarter. Alps Advisors Inc. now owns 30,721 shares of the technology company’s stock worth $902,000 after acquiring an additional 7,930 shares in the last quarter. 79.10% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ SSYS traded up $0.29 during trading hours on Friday, reaching $25.11. The stock had a trading volume of 20,854 shares, compared to its average volume of 469,458. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 109.35, a PEG ratio of 4.37 and a beta of 1.97. The company has a current ratio of 3.85, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. Stratasys Ltd has a fifty-two week low of $17.06 and a fifty-two week high of $30.60. The firm has a 50-day moving average of $24.44 and a 200-day moving average of $24.74.
A number of analysts recently issued reports on SSYS shares. BidaskClub raised Stratasys from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. ValuEngine raised Stratasys from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $25.50.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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