Stratasys Ltd. (NASDAQ:SSYS) Stock Holdings Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Stratasys Ltd. (NASDAQ:SSYS) by 32.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,224 shares of the technology company’s stock after selling 70,375 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.20% of Stratasys worth $1,207,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSYS. RPG Investment Advisory LLC raised its position in Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after acquiring an additional 150,891 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of Stratasys by 18.2% in the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Stratasys by 22.2% in the 2nd quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock worth $5,392,000 after purchasing an additional 116,912 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock valued at $563,000 after purchasing an additional 56,699 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Stratasys by 17.2% during the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock worth $6,859,000 after buying an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Trading Down 2.4 %

NASDAQ:SSYS opened at $9.99 on Wednesday. The business’s fifty day moving average price is $8.62 and its 200 day moving average price is $8.23. The firm has a market capitalization of $713.07 million, a price-to-earnings ratio of -7.57 and a beta of 1.31. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Equities analysts forecast that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SSYS shares. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Lake Street Capital cut their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Needham & Company LLC boosted their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Loop Capital decreased their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stratasys currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

About Stratasys

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.