Douglas Lane & Associates LLC Sells 78,338 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Douglas Lane & Associates LLC reduced its stake in Stratasys Ltd. (NASDAQ:SSYS) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222,022 shares of the technology company’s stock after selling 78,338 shares during the period. Douglas Lane & Associates LLC owned 1.71% of Stratasys worth $10,155,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gamco Investors INC. ET AL raised its holdings in Stratasys by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock worth $565,000 after purchasing an additional 1,850 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Stratasys by 1.9% during the 1st quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company’s stock worth $1,572,000 after acquiring an additional 2,528 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Stratasys during the first quarter valued at approximately $61,000. Trium Capital LLP boosted its stake in Stratasys by 5.6% in the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 8,052 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Stratasys by 2,711.2% in the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock valued at $111,000 after acquiring an additional 9,218 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 0.4 %

Shares of NASDAQ:SSYS opened at $7.27 on Monday. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $14.93. The business has a fifty day moving average of $7.38 and a two-hundred day moving average of $8.64. The stock has a market cap of $518.93 million, a P/E ratio of -4.46 and a beta of 1.19.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, equities analysts anticipate that Stratasys Ltd. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald reduced their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Craig Hallum reduced their target price on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, July 1st. Lake Street Capital lowered their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. StockNews.com began coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock. Finally, Loop Capital decreased their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and an average target price of $10.80.

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.