Baillie Gifford & Co. Purchases 45,226 Shares of Stratasys Ltd (SSYS)

Baillie Gifford & Co. lifted its position in shares of Stratasys Ltd (NASDAQ:SSYS) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 805,117 shares of the technology company’s stock after buying an additional 45,226 shares during the quarter. Baillie Gifford & Co.’s holdings in Stratasys were worth $19,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pearl River Capital LLC bought a new position in shares of Stratasys during the 4th quarter worth $25,000. Advisor Group Inc. grew its position in shares of Stratasys by 14.2% during the 4th quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock worth $83,000 after buying an additional 576 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in shares of Stratasys by 48.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 10,748 shares of the technology company’s stock worth $194,000 after buying an additional 3,513 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stratasys during the 4th quarter worth $194,000. Finally, SG Americas Securities LLC bought a new position in shares of Stratasys during the 1st quarter worth $320,000. 69.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of SSYS stock opened at $25.69 on Friday. Stratasys Ltd has a 1-year low of $17.06 and a 1-year high of $28.84. The stock has a market cap of $1.39 billion, a P/E ratio of 111.70, a P/E/G ratio of 4.31 and a beta of 1.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.19 and a current ratio of 3.89.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Stratasys had a positive return on equity of 1.21% and a negative net margin of 1.65%. The company had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $152.78 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Stratasys Ltd will post 0.33 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on SSYS. BidaskClub downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Stratasys in a research report on Monday, April 1st. ValuEngine downgraded Stratasys from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $32.00 price objective on shares of Stratasys in a research report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Stratasys has an average rating of “Hold” and an average price target of $23.50.

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About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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