Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its position in Stratasys Ltd. (NASDAQ:SSYSGet Rating) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,429,702 shares of the technology company’s stock after selling 6,577 shares during the quarter. Stratasys comprises approximately 1.5% of Granahan Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Granahan Investment Management LLC’s holdings in Stratasys were worth $61,690,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SSYS. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Stratasys during the first quarter valued at approximately $107,522,000. Marshall Wace LLP increased its stake in shares of Stratasys by 1,085.5% during the fourth quarter. Marshall Wace LLP now owns 1,100,459 shares of the technology company’s stock valued at $26,950,000 after acquiring an additional 1,007,629 shares during the period. Phoenix Holdings Ltd. increased its stake in shares of Stratasys by 48.9% during the first quarter. Phoenix Holdings Ltd. now owns 1,690,033 shares of the technology company’s stock valued at $42,911,000 after acquiring an additional 554,963 shares during the period. Meitav Dash Investments Ltd. increased its stake in shares of Stratasys by 50.8% during the first quarter. Meitav Dash Investments Ltd. now owns 1,524,558 shares of the technology company’s stock valued at $38,494,000 after acquiring an additional 513,648 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Stratasys by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,497,361 shares of the technology company’s stock valued at $63,411,000 after acquiring an additional 313,233 shares during the period.

Stratasys Stock Performance

Stratasys stock opened at $17.11 on Friday. The company has a 50 day moving average price of $18.56 and a 200 day moving average price of $20.18. Stratasys Ltd. has a 52 week low of $15.86 and a 52 week high of $42.83. The firm has a market capitalization of $968.72 million, a price-to-earnings ratio of -16.45 and a beta of 1.32.

Analyst Ratings Changes

SSYS has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Stratasys in a research note on Tuesday, August 16th. They set an “outperform” rating and a $24.00 price objective on the stock. William Blair reiterated an “underperform” rating on shares of Stratasys in a research note on Tuesday, May 17th. TheStreet cut shares of Stratasys from a “c-” rating to a “d+” rating in a report on Tuesday, July 5th. Lake Street Capital reduced their target price on shares of Stratasys from $40.00 to $29.00 in a report on Tuesday, May 17th. Finally, JPMorgan Chase & Co. upgraded shares of Stratasys from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $23.00 in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Stratasys Company Profile

(Get Rating)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

Further Reading

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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