Brown Advisory Inc. Invests $369,000 in Stratasys, Ltd. (NASDAQ:SSYS)

Brown Advisory Inc. bought a new position in Stratasys, Ltd. (NASDAQ:SSYS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 37,733 shares of the technology company’s stock, valued at approximately $369,000. Brown Advisory Inc. owned approximately 0.05% of Stratasys at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of Stratasys during the fourth quarter valued at approximately $68,000. Teton Advisors Inc. acquired a new stake in shares of Stratasys during the fourth quarter valued at approximately $89,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Stratasys during the first quarter valued at approximately $105,000. Hsbc Holdings PLC raised its holdings in shares of Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,564 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Stratasys during the fourth quarter valued at approximately $166,000. 75.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Trading Down 0.5%

NASDAQ SSYS opened at $11.11 on Wednesday. The company has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $10.25. The company has a market cap of $796.81 million, a P/E ratio of -7.41 and a beta of 1.53. Stratasys, Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The firm had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. During the same period in the prior year, the firm earned ($0.02) EPS. The business’s revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

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.