Legal & General Group Plc Acquires 5,541 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Legal & General Group Plc lifted its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941,407 shares of the technology company’s stock after purchasing an additional 5,541 shares during the quarter. Legal & General Group Plc’s holdings in Stratasys were worth $8,369,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Stratasys during the 4th quarter worth approximately $68,000. SBI Securities Co. Ltd. bought a new stake in shares of Stratasys during the fourth quarter worth $90,000. Stifel Financial Corp raised its holdings in shares of Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the period. Virtu Financial LLC bought a new stake in Stratasys in the 4th quarter valued at $379,000. Finally, Tidal Investments LLC boosted its stake in Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after purchasing an additional 2,483 shares during the period. Institutional investors own 75.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SSYS shares. Cantor Fitzgerald boosted their price target on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC increased their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stratasys currently has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Stratasys Trading Down 2.6 %

NASDAQ SSYS opened at $9.08 on Friday. The firm’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $9.42. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88. The firm has a market capitalization of $651.18 million, a P/E ratio of -6.88 and a beta of 1.44.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. During the same quarter last year, the company posted $0.02 earnings per share. Stratasys’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts anticipate that Stratasys Ltd. will post -0.4 EPS 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.