BidaskClub cut shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research report report published on Tuesday morning.
Other research analysts have also issued research reports about the company. Citigroup set a $29.00 target price on Stratasys and gave the company a buy rating in a report on Wednesday, November 15th. Zacks Investment Research raised Stratasys from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Friday, November 17th. Needham & Company LLC reaffirmed a hold rating on shares of Stratasys in a report on Friday, October 13th. B. Riley reaffirmed a hold rating and set a $30.00 target price on shares of Stratasys in a report on Wednesday, November 15th. Finally, Loop Capital reduced their target price on Stratasys from $24.00 to $21.00 and set a hold rating for the company in a report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $24.94.
Stratasys (NASDAQ:SSYS) opened at $20.21 on Tuesday. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1,140.00, a PE ratio of -19.07, a price-to-earnings-growth ratio of 3.89 and a beta of 1.49. Stratasys has a twelve month low of $18.04 and a twelve month high of $30.88.
Hedge funds and other institutional investors have recently modified their holdings of the company. AXA grew its holdings in shares of Stratasys by 38.1% during the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock worth $24,464,000 after purchasing an additional 292,084 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Stratasys during the second quarter worth about $227,000. Alyeska Investment Group L.P. grew its holdings in shares of Stratasys by 280.2% during the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock worth $19,778,000 after purchasing an additional 630,447 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Stratasys by 18.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,500 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 15,500 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Stratasys by 12.6% during the third quarter. California Public Employees Retirement System now owns 99,746 shares of the technology company’s stock worth $2,306,000 after purchasing an additional 11,146 shares in the last quarter. 71.02% of the stock is owned by institutional investors.
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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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