Mirae Asset Global Investments Co. Ltd. Grows Position in Stratasys Ltd. (NASDAQ:SSYS)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Stratasys Ltd. (NASDAQ:SSYS) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,035 shares of the technology company’s stock after purchasing an additional 22,262 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.26% of Stratasys worth $2,528,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Stratasys by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,732,325 shares of the technology company’s stock worth $45,165,000 after purchasing an additional 237,268 shares during the last quarter. Neuberger Berman Group LLC increased its position in Stratasys by 5.7% in the third quarter. Neuberger Berman Group LLC now owns 2,620,325 shares of the technology company’s stock worth $37,741,000 after purchasing an additional 140,780 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Stratasys by 9.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock worth $19,803,000 after purchasing an additional 119,922 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Stratasys by 10.5% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after purchasing an additional 127,330 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in Stratasys by 42.3% in the third quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock worth $14,474,000 after purchasing an additional 315,868 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Stratasys Trading Up 1.4 %

NASDAQ SSYS opened at $9.93 on Friday. The company’s 50-day moving average price is $11.82 and its 200-day moving average price is $12.12. The stock has a market cap of $691.72 million, a PE ratio of -5.55 and a beta of 1.29. Stratasys Ltd. has a 12 month low of $9.43 and a 12 month high of $21.72.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. As a group, sell-side analysts forecast that Stratasys Ltd. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

SSYS has been the topic of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Stratasys in a research report on Tuesday, February 13th. They set an “overweight” rating and a $24.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Stratasys in a research report on Tuesday, December 26th. Finally, StockNews.com initiated coverage on shares of Stratasys in a research report on Friday. They set a “buy” rating on the stock.

About Stratasys

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.