Wellington Management Group LLP decreased its stake in Stratasys Ltd. (NASDAQ:SSYS) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,813 shares of the company’s stock after selling 406,245 shares during the period. Wellington Management Group LLP owned about 2.72% of Stratasys worth $36,620,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Douglas Lane & Associates LLC purchased a new stake in shares of Stratasys during the first quarter valued at about $30,334,000. Fisher Asset Management LLC increased its position in Stratasys by 42.8% in the first quarter. Fisher Asset Management LLC now owns 3,005,763 shares of the company’s stock valued at $76,587,000 after buying an additional 900,605 shares in the last quarter. Primecap Management Co. CA increased its position in Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock valued at $103,841,000 after buying an additional 721,200 shares in the last quarter. Freshford Capital Management LLC increased its position in Stratasys by 200.9% in the fourth quarter. Freshford Capital Management LLC now owns 598,746 shares of the company’s stock valued at $14,059,000 after buying an additional 399,746 shares in the last quarter. Finally, Lapides Asset Management LLC increased its position in Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the company’s stock valued at $9,963,000 after buying an additional 228,800 shares in the last quarter.
Stratasys Ltd. (NASDAQ:SSYS) traded up 1.24% during trading on Wednesday, reaching $20.40. The company had a trading volume of 579,854 shares. Stratasys Ltd. has a 12-month low of $14.48 and a 12-month high of $37.54. The stock has a 50 day moving average of $21.87 and a 200-day moving average of $21.85. The stock’s market capitalization is $1.06 billion.
Several research firms have recently commented on SSYS. Citigroup Inc. downgraded Stratasys from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Friday, April 15th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating on shares of Stratasys in a report on Friday, April 1st. Zacks Investment Research downgraded Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Piper Jaffray Cos. downgraded Stratasys from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $24.00 in a report on Monday, July 18th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.06.
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.
