Invesco Ltd. Reduces Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Invesco Ltd. cut its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,937 shares of the technology company’s stock after selling 2,450 shares during the quarter. Invesco Ltd. owned approximately 0.17% of Stratasys worth $1,066,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Stratasys during the fourth quarter valued at approximately $68,000. Virtu Financial LLC acquired a new stake in Stratasys during the 4th quarter worth about $379,000. Royce & Associates LP purchased a new stake in shares of Stratasys in the 4th quarter valued at approximately $1,467,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Stratasys by 401.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock worth $3,023,000 after buying an additional 272,198 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Stratasys during the 4th quarter valued at about $90,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Price Performance

Shares of Stratasys stock opened at $9.45 on Friday. The stock’s 50-day moving average is $9.72 and its 200 day moving average is $9.53. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The firm has a market cap of $677.72 million, a price-to-earnings ratio of -7.16 and a beta of 1.44.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, sell-side analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on SSYS shares. Cantor Fitzgerald increased their price objective on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Needham & Company LLC upped their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Company Profile

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.