Stratasys, Ltd. (SSYS) Holdings Trimmed by Trust Investment Advisors

Trust Investment Advisors reduced its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,970 shares of the technology company’s stock after selling 2,950 shares during the period. Trust Investment Advisors’ holdings in Stratasys were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its holdings in Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after acquiring an additional 458 shares in the last quarter. Advisor Group Inc. grew its holdings in Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after acquiring an additional 528 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Stratasys by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock worth $1,477,000 after acquiring an additional 684 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Stratasys by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,357 shares of the technology company’s stock valued at $871,000 after buying an additional 718 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Stratasys by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 57,006 shares of the technology company’s stock valued at $1,329,000 after buying an additional 889 shares during the period. 65.84% of the stock is owned by institutional investors.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, September 22nd. Susquehanna Bancshares Inc raised shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target for the company in a report on Friday, October 20th. Cowen and Company set a $27.00 price target on shares of Stratasys and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Citigroup Inc. raised shares of Stratasys from a “neutral” rating to a “buy” rating and decreased their price target for the company from $32.00 to $29.00 in a report on Thursday, August 10th. Five 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $24.24.

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Stratasys, Ltd. (NASDAQ:SSYS) traded up $0.34 during mid-day trading on Tuesday, hitting $20.47. 3,369,118 shares of the company’s stock were exchanged, compared to its average volume of 769,524. Stratasys, Ltd. has a one year low of $16.37 and a one year high of $30.88. The company has a market cap of $1,060.00, a P/E ratio of 292.14, a price-to-earnings-growth ratio of 17.04 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.32 and a quick ratio of 2.65.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Monday, November 13th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company had revenue of $155.90 million for the quarter, compared to the consensus estimate of $160.97 million. Stratasys’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts anticipate that Stratasys, Ltd. will post 0.06 EPS for the current year.

About Stratasys

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.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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