Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its stake in Stratasys Ltd. (NASDAQ:SSYS) by 63.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,336 shares of the technology company’s stock after selling 24,738 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Stratasys were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSYS. Rubric Capital Management LP purchased a new stake in Stratasys during the 3rd quarter worth about $12,394,000. Pinnacle Associates Ltd. increased its position in Stratasys by 42.3% during the 3rd 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Stratasys by 24.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company’s stock worth $12,638,000 after purchasing an additional 185,000 shares in the last quarter. TSP Capital Management Group LLC increased its position in Stratasys by 71.2% during the 4th quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock worth $6,089,000 after purchasing an additional 177,350 shares in the last quarter. Finally, Trium Capital LLP increased its position in Stratasys by 37,213.1% during the 3rd quarter. Trium Capital LLP now owns 133,581 shares of the technology company’s stock worth $1,818,000 after purchasing an additional 133,223 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SSYS. Cantor Fitzgerald initiated coverage on Stratasys in a research report on Tuesday, February 13th. They set an “overweight” rating and a $24.00 price objective for the company. StockNews.com initiated coverage on Stratasys in a research note on Friday, April 19th. They issued a “buy” rating on the stock.

Stratasys Trading Down 0.2 %

Shares of NASDAQ:SSYS opened at $9.87 on Thursday. The stock’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $12.04. Stratasys Ltd. has a 12-month low of $9.43 and a 12-month high of $21.72. The firm has a market cap of $687.50 million, a price-to-earnings ratio of -5.51 and a beta of 1.29.

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

Stratasys Company Profile

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.