Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its holdings in Stratasys Ltd. (NASDAQ:SSYS) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 1,300,360 shares of the technology company’s stock after selling 46,370 shares during the period. Douglas Lane & Associates LLC’s holdings in Stratasys were worth $10,910,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. RIA Advisory Group LLC purchased a new position in Stratasys in the 4th quarter valued at about $33,000. Crewe Advisors LLC purchased a new position in Stratasys in the 1st quarter valued at about $61,000. Larson Financial Group LLC lifted its holdings in Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock valued at $111,000 after purchasing an additional 9,218 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Stratasys by 21.1% during the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after acquiring an additional 3,705 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after acquiring an additional 10,747 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Price Performance

NASDAQ SSYS remained flat at $7.56 during mid-day trading on Tuesday. 369,156 shares of the company traded hands, compared to its average volume of 461,990. Stratasys Ltd. has a 52-week low of $7.39 and a 52-week high of $16.84. The company has a 50-day moving average price of $8.69 and a two-hundred day moving average price of $10.46. The stock has a market cap of $526.63 million, a price-to-earnings ratio of -4.16 and a beta of 1.21.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The firm had revenue of $144.05 million for the quarter, compared to analyst estimates of $147.53 million. As a group, research analysts anticipate that Stratasys Ltd. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SSYS. StockNews.com began coverage on shares of Stratasys in a report on Thursday, August 1st. They set a “buy” rating on the stock. Needham & Company LLC cut their price objective on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Craig Hallum cut their price objective on shares of Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th.

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.