Charles Schwab Investment Management Inc. Has $2.83 Million Stake in Stratasys Ltd. (NASDAQ:SSYS)

Charles Schwab Investment Management Inc. grew its position in Stratasys Ltd. (NASDAQ:SSYS) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 136,689 shares of the technology company’s stock after buying an additional 11,474 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stratasys were worth $2,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. RPG Investment Advisory LLC acquired a new stake in Stratasys during the 4th quarter valued at $8,151,000. Renaissance Technologies LLC boosted its holdings in shares of Stratasys by 725.0% in the fourth quarter. Renaissance Technologies LLC now owns 385,932 shares of the technology company’s stock valued at $7,997,000 after buying an additional 339,150 shares during the period. Koshinski Asset Management Inc. bought a new position in Stratasys during the 4th quarter worth about $4,403,000. Douglas Lane & Associates LLC grew its position in Stratasys by 11.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,208,571 shares of the technology company’s stock valued at $25,042,000 after purchasing an additional 123,926 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Stratasys by 23.3% in the fourth quarter. BlackRock Inc. now owns 369,944 shares of the technology company’s stock valued at $7,665,000 after acquiring an additional 69,958 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SSYS opened at $20.91 on Wednesday. The company’s 50 day moving average price is $25.51 and its 200-day moving average price is $25.15. Stratasys Ltd. has a 52-week low of $11.89 and a 52-week high of $56.95. The company has a market capitalization of $1.18 billion, a P/E ratio of -2.52 and a beta of 1.80.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Monday, March 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.23. Stratasys had a negative return on equity of 2.91% and a negative net margin of 84.95%. The company had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.35 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Stratasys Ltd. will post -0.78 earnings per share for the current year.

A number of brokerages recently weighed in on SSYS. Lake Street Capital started coverage on shares of Stratasys in a report on Friday, March 12th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on shares of Stratasys in a research note on Tuesday, January 19th. They set a “buy” rating on the stock. JPMorgan Chase & Co. raised Stratasys from an “underweight” rating to a “neutral” rating and set a $29.00 price objective for the company in a research report on Tuesday, March 16th. Loop Capital raised their price objective on Stratasys from $14.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 3rd. Finally, William Blair reaffirmed an “underperform” rating on shares of Stratasys in a report on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Stratasys currently has a consensus rating of “Hold” and an average price target of $25.25.

About Stratasys

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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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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