Stratasys (NASDAQ:SSYS) Price Target Cut to $26.00 by Analysts at Lake Street Capital

Stratasys (NASDAQ:SSYSGet Rating) had its price objective trimmed by Lake Street Capital from $28.00 to $26.00 in a research report report published on Thursday morning, The Fly reports.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of Stratasys from a c- rating to a d+ rating in a research report on Tuesday, July 5th. Credit Suisse Group started coverage on shares of Stratasys in a research report on Tuesday, August 16th. They issued an outperform rating and a $24.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Stratasys has a consensus rating of Hold and an average price target of $29.67.

Stratasys Trading Down 2.3 %

Shares of Stratasys stock opened at $15.89 on Thursday. The company has a fifty day simple moving average of $18.48 and a 200-day simple moving average of $20.03. Stratasys has a 12-month low of $15.72 and a 12-month high of $42.83. The stock has a market cap of $899.64 million, a price-to-earnings ratio of -15.28 and a beta of 1.32.

Institutional Trading of Stratasys

Several hedge funds have recently made changes to their positions in SSYS. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Stratasys in the 1st quarter worth $107,522,000. Marshall Wace LLP increased its holdings in shares of Stratasys by 1,085.5% in the 4th quarter. Marshall Wace LLP now owns 1,100,459 shares of the technology company’s stock valued at $26,950,000 after purchasing an additional 1,007,629 shares in the last quarter. Phoenix Holdings Ltd. increased its holdings in shares of Stratasys by 48.9% in the 1st quarter. Phoenix Holdings Ltd. now owns 1,690,033 shares of the technology company’s stock valued at $42,911,000 after purchasing an additional 554,963 shares in the last quarter. Meitav Dash Investments Ltd. increased its holdings in shares of Stratasys by 50.8% in the 1st quarter. Meitav Dash Investments Ltd. now owns 1,524,558 shares of the technology company’s stock valued at $38,494,000 after purchasing an additional 513,648 shares in the last quarter. Finally, G2 Investment Partners Management LLC increased its holdings in shares of Stratasys by 1,509.0% in the 1st quarter. G2 Investment Partners Management LLC now owns 482,688 shares of the technology company’s stock valued at $12,255,000 after purchasing an additional 452,688 shares in the last quarter.

Stratasys Company Profile

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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.

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