TSP Capital Management Group LLC boosted its stake in Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,088,150 shares of the technology company’s stock after acquiring an additional 143,800 shares during the quarter. Stratasys comprises about 2.3% of TSP Capital Management Group LLC’s holdings, making the stock its 19th largest holding. TSP Capital Management Group LLC owned approximately 1.28% of Stratasys worth $9,445,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Stratasys by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock worth $176,000 after acquiring an additional 1,199 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Stratasys by 9.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,912 shares during the period. Advisory Services Network LLC purchased a new position in Stratasys in the 3rd quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new position in Stratasys in the 2nd quarter worth approximately $35,000. Finally, Osaic Holdings Inc. boosted its holdings in Stratasys by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,282 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.
Stratasys Stock Performance
Shares of SSYS opened at $8.03 on Wednesday. The business’s fifty day moving average price is $9.36 and its 200 day moving average price is $9.85. Stratasys, Ltd. has a 12-month low of $7.34 and a 12-month high of $12.81. The stock has a market capitalization of $691.97 million, a PE ratio of -6.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.57 and a quick ratio of 2.68.
Analysts Set New Price Targets
SSYS has been the subject of a number of analyst reports. Craig Hallum decreased their price target on Stratasys from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Thursday, January 22nd. Finally, Needham & Company LLC decreased their price target on Stratasys from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and an average price target of $12.33.
Check Out Our Latest Analysis on Stratasys
About Stratasys
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
Further Reading
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