Stratasys, Ltd. (SSYS) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,600 shares of the technology company’s stock after purchasing an additional 3,300 shares during the period. California Public Employees Retirement System owned 0.17% of Stratasys worth $2,065,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SSYS. Parametric Portfolio Associates LLC boosted its position in shares of Stratasys by 16.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 148,330 shares of the technology company’s stock valued at $3,039,000 after purchasing an additional 21,275 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Stratasys by 458.7% during the 1st quarter. JPMorgan Chase & Co. now owns 159,879 shares of the technology company’s stock valued at $3,276,000 after purchasing an additional 131,261 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Stratasys by 0.7% during the 1st quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock valued at $254,000 after purchasing an additional 77 shares in the last quarter. American International Group Inc. boosted its position in shares of Stratasys by 7.1% during the 1st quarter. American International Group Inc. now owns 30,206 shares of the technology company’s stock valued at $619,000 after purchasing an additional 1,993 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Stratasys by 1.5% during the 1st quarter. Teachers Advisors LLC now owns 82,995 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors own 67.13% of the company’s stock.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.

Several brokerages recently commented on SSYS. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, September 22nd. Susquehanna Bancshares Inc upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price on the stock in a research report on Friday, October 20th. Cowen and Company set a $27.00 target price on Stratasys and gave the company a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. upgraded Stratasys from a “neutral” rating to a “buy” rating and cut their target price for the company from $32.00 to $29.00 in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Stratasys has a consensus rating of “Hold” and a consensus target price of $24.12.

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Stratasys Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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