Stratasys Ltd (SSYS) Position Raised by Alps Advisors Inc.

Alps Advisors Inc. increased its position in shares of Stratasys Ltd (NASDAQ:SSYS) by 5.5% in the 1st quarter, Holdings Channel reports. The firm owned 22,791 shares of the technology company’s stock after acquiring an additional 1,192 shares during the quarter. Alps Advisors Inc.’s holdings in Stratasys were worth $543,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new stake in shares of Stratasys during the fourth quarter valued at about $25,000. Advisor Group Inc. increased its position in shares of Stratasys by 14.2% during the fourth quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock valued at $83,000 after acquiring an additional 576 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Stratasys by 48.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,748 shares of the technology company’s stock valued at $194,000 after acquiring an additional 3,513 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Stratasys during the fourth quarter valued at about $194,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Stratasys during the first quarter valued at about $320,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shares of SSYS stock opened at $24.11 on Monday. The company has a quick ratio of 3.19, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.29 billion, a P/E ratio of 104.83, a price-to-earnings-growth ratio of 3.13 and a beta of 1.95. Stratasys Ltd has a fifty-two week low of $17.06 and a fifty-two week high of $28.84.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $152.78 million. Stratasys had a negative net margin of 0.03% and a positive return on equity of 1.40%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, research analysts predict that Stratasys Ltd will post 0.33 EPS for the current year.

A number of equities research analysts have weighed in on SSYS shares. BidaskClub upgraded shares of Stratasys from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut shares of Stratasys from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Piper Jaffray Companies reiterated an “overweight” rating and set a $32.00 price target on shares of Stratasys in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Stratasys in a research report on Monday, April 1st. Finally, ValuEngine cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Stratasys presently has a consensus rating of “Hold” and a consensus target price of $23.50.

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Stratasys Profile

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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