Legal & General Group Plc Reduces Position in Stratasys Ltd (SSYS)

Legal & General Group Plc reduced its holdings in Stratasys Ltd (NASDAQ:SSYS) by 96.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,036 shares of the technology company’s stock after selling 523,763 shares during the quarter. Legal & General Group Plc’s holdings in Stratasys were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SSYS. Pearl River Capital LLC bought a new stake in shares of Stratasys in the 4th quarter worth approximately $25,000. Advisor Group Inc. raised its holdings in shares of Stratasys by 14.2% in the 4th quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock worth $83,000 after purchasing an additional 576 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Stratasys by 48.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 10,748 shares of the technology company’s stock worth $194,000 after purchasing an additional 3,513 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Stratasys in the 4th quarter worth approximately $194,000. Finally, LPL Financial LLC raised its holdings in shares of Stratasys by 3.1% in the 4th quarter. LPL Financial LLC now owns 14,179 shares of the technology company’s stock worth $255,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 69.65% of the company’s stock.

SSYS stock opened at $23.42 on Monday. Stratasys Ltd has a 52-week low of $17.06 and a 52-week high of $28.84. The company has a current ratio of 3.89, a quick ratio of 3.19 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.26 billion, a PE ratio of 101.83, a PEG ratio of 4.34 and a beta of 1.99.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, March 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09. Stratasys had a negative net margin of 1.65% and a positive return on equity of 1.21%. The business had revenue of $177.10 million for the quarter, compared to analyst estimates of $185.78 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Stratasys Ltd will post 0.33 EPS for the current fiscal year.

SSYS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BidaskClub lowered shares of Stratasys from a “sell” rating to a “strong sell” rating in a report on Monday, January 7th. Piper Jaffray Companies upgraded shares of Stratasys from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $31.00 in a report on Tuesday, January 29th. ValuEngine lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Stratasys presently has a consensus rating of “Hold” and a consensus target price of $22.71.

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Stratasys Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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