Cortina Asset Management LLC Sells 243 Shares of Stratasys, Ltd. (SSYS)

Cortina Asset Management LLC lowered its stake in Stratasys, Ltd. (NASDAQ:SSYS) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 260,200 shares of the technology company’s stock after selling 243 shares during the period. Cortina Asset Management LLC’s holdings in Stratasys were worth $5,331,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AXA increased its stake in Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock valued at $11,503,000 after buying an additional 143,741 shares during the last quarter. Vident Investment Advisory LLC increased its stake in Stratasys by 146.8% in the first quarter. Vident Investment Advisory LLC now owns 196,101 shares of the technology company’s stock valued at $4,018,000 after buying an additional 116,629 shares during the last quarter. American International Group Inc. increased its stake in Stratasys by 7.1% in the first quarter. American International Group Inc. now owns 30,206 shares of the technology company’s stock valued at $619,000 after buying an additional 1,993 shares during the last quarter. Blair William & Co. IL acquired a new stake in Stratasys during the first quarter valued at approximately $996,000. Finally, Stifel Financial Corp increased its stake in Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock valued at $254,000 after buying an additional 77 shares during the last quarter. 59.25% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

Stratasys, Ltd. (SSYS) traded down 0.32% on Monday, reaching $27.68. 284,281 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $26.75 and its 200 day moving average price is $21.26. The company’s market cap is $1.46 billion. Stratasys, Ltd. has a 52-week low of $16.37 and a 52-week high of $30.88.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $163.20 million for the quarter, compared to the consensus estimate of $162.38 million. Stratasys had a negative net margin of 43.97% and a negative return on equity of 1.54%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. On average, analysts expect that Stratasys, Ltd. will post $0.28 earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. Jefferies Group LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating and boosted their target price for the stock from $24.00 to $30.00 in a research report on Thursday, May 18th. Bank of America Corp restated an “underperform” rating and set a $20.00 price target (up from $17.00) on shares of Stratasys in a report on Wednesday, May 17th. Cowen and Company restated a “market perform” rating and set a $27.00 price target (up from $18.00) on shares of Stratasys in a report on Wednesday, May 17th. Needham & Company LLC cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, FBR & Co restated an “outperform” rating and set a $33.00 price target (up from $24.00) on shares of Stratasys in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.93.

Stratasys Company Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SSYS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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