Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its position in shares of Stratasys Ltd. (NASDAQ:SSYSFree Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 705,671 shares of the technology company’s stock after selling 3,066 shares during the period. Baillie Gifford & Co. owned approximately 1.01% of Stratasys worth $8,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RIA Advisory Group LLC acquired a new position in Stratasys during the 4th quarter worth about $33,000. Values First Advisors Inc. increased its stake in Stratasys by 4.4% during the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after purchasing an additional 828 shares during the period. Formidable Asset Management LLC lifted its position in shares of Stratasys by 21.1% during the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after purchasing an additional 3,705 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Stratasys by 49.0% in the fourth quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock valued at $467,000 after purchasing an additional 10,747 shares during the period. Finally, Olympiad Research LP acquired a new position in shares of Stratasys in the fourth quarter valued at approximately $486,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Stock Performance

Shares of Stratasys stock opened at $8.86 on Friday. The company has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $11.22. Stratasys Ltd. has a 12-month low of $8.02 and a 12-month high of $21.72.

Stratasys (NASDAQ:SSYSGet Free Report) last posted its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15). The business had revenue of $144.05 million during the quarter, compared to the consensus estimate of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Equities research analysts forecast that Stratasys Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SSYS shares. Craig Hallum reduced their price objective on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC decreased their price objective on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, StockNews.com assumed coverage on shares of Stratasys in a research note on Sunday, June 30th. They set a “buy” rating on the stock.

Get Our Latest Analysis on SSYS

Stratasys Company Profile

(Free Report)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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