Weil Company Inc. trimmed its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 60.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,700 shares of the technology company’s stock after selling 41,303 shares during the period. Weil Company Inc.’s holdings in Stratasys were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Stratasys during the 4th quarter valued at about $148,000. Creative Planning boosted its stake in Stratasys by 5.9% during the 4th quarter. Creative Planning now owns 20,352 shares of the technology company’s stock valued at $422,000 after purchasing an additional 1,133 shares during the period. NEXT Financial Group Inc boosted its stake in Stratasys by 41.4% during the 4th quarter. NEXT Financial Group Inc now owns 8,458 shares of the technology company’s stock valued at $175,000 after purchasing an additional 2,477 shares during the period. BlackRock Inc. boosted its stake in Stratasys by 23.3% during the 4th quarter. BlackRock Inc. now owns 369,944 shares of the technology company’s stock valued at $7,665,000 after purchasing an additional 69,958 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in Stratasys during the 4th quarter valued at approximately $4,403,000. 81.53% of the stock is currently owned by institutional investors.
A number of analysts have commented on the company. Lake Street Capital assumed coverage on Stratasys in a research report on Friday, March 12th. They issued a “buy” rating for the company. Loop Capital raised their price objective on Stratasys from $14.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 3rd. JPMorgan Chase & Co. upgraded Stratasys from an “underweight” rating to a “neutral” rating and set a $29.00 target price for the company in a research report on Wednesday, March 10th. Finally, William Blair restated an “underperform” rating on shares of Stratasys in a research report on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.00.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, May 5th. The technology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.03. The firm had revenue of $134.20 million during the quarter, compared to analysts’ expectations of $132.16 million. Stratasys had a negative return on equity of 2.92% and a negative net margin of 84.45%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted ($0.19) EPS. As a group, equities research analysts anticipate that Stratasys Ltd. will post -0.61 EPS for the current year.
Stratasys Ltd. provides connected and polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.
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