Dimensional Fund Advisors LP Lowers Position in Stratasys Ltd. (NASDAQ:SSYS)

Dimensional Fund Advisors LP cut its stake in shares of Stratasys Ltd. (NASDAQ:SSYS) by 18.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,639,214 shares of the technology company’s stock after selling 368,216 shares during the period. Dimensional Fund Advisors LP owned 2.35% of Stratasys worth $13,753,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSYS. Crewe Advisors LLC purchased a new position in shares of Stratasys in the 1st quarter valued at $61,000. Larson Financial Group LLC lifted its stake in shares of Stratasys by 2,711.2% during the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares in the last quarter. Values First Advisors Inc. boosted its position in shares of Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after buying an additional 11,254 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Stratasys by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock valued at $565,000 after buying an additional 1,850 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Stratasys during the 1st quarter worth approximately $598,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Up 1.0 %

Shares of Stratasys stock opened at $7.79 on Friday. The business has a 50-day moving average price of $7.47 and a 200 day moving average price of $8.81. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $14.93. The firm has a market cap of $556.05 million, a P/E ratio of -4.26 and a beta of 1.19.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $146.38 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue was down 13.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Stratasys Ltd. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SSYS. Lake Street Capital dropped their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital cut their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC lowered their target price on Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 30th. StockNews.com began coverage on Stratasys in a research note on Monday, September 2nd. They issued a “hold” rating on the stock. Finally, Cantor Fitzgerald lowered their price objective on Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and a consensus target price of $10.80.

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.