Baillie Gifford & Co. lifted its position in Stratasys, Ltd. (NASDAQ:SSYS) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,505 shares of the technology company’s stock after acquiring an additional 25,705 shares during the quarter. Baillie Gifford & Co. owned 0.76% of Stratasys worth $9,329,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc purchased a new position in Stratasys in the 3rd quarter worth about $370,000. Fox Run Management L.L.C. purchased a new position in Stratasys in the 3rd quarter worth about $668,000. Assenagon Asset Management S.A. purchased a new position in Stratasys in the 3rd quarter worth about $1,416,000. Ameritas Investment Partners Inc. increased its stake in Stratasys by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after buying an additional 458 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in Stratasys in the 2nd quarter worth about $227,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
Shares of Stratasys, Ltd. (NASDAQ:SSYS) opened at $20.45 on Monday. Stratasys, Ltd. has a 1-year low of $16.37 and a 1-year high of $30.88. The stock has a market cap of $1,080.86, a price-to-earnings ratio of 292.14, a PEG ratio of 17.04 and a beta of 1.40. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.
A number of research firms have commented on SSYS. Cowen and Company reissued a “market perform” rating and set a $23.00 target price (down previously from $27.00) on shares of Stratasys in a research report on Thursday, August 10th. Loop Capital began coverage on shares of Stratasys in a research report on Monday, July 24th. They set a “hold” rating and a $24.00 target price on the stock. BidaskClub downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Deutsche Bank AG cut their target price on shares of Stratasys from $31.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, August 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Stratasys in a research report on Friday, October 13th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Stratasys presently has an average rating of “Hold” and an average price target of $24.24.
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.
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