Stratasys (NASDAQ:SSYS) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a report issued on Wednesday morning.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. Craig Hallum raised their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Performance

Shares of NASDAQ SSYS opened at $10.74 on Wednesday. Stratasys has a 52 week low of $6.05 and a 52 week high of $13.12. The stock has a market capitalization of $766.60 million, a PE ratio of -8.14 and a beta of 1.31. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $8.79.

Institutional Trading of Stratasys

Several hedge funds have recently added to or reduced their stakes in the company. Formidable Asset Management LLC lifted its holdings in Stratasys by 4.1% during the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company’s stock worth $218,000 after purchasing an additional 965 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Stratasys by 782.2% during the 4th quarter. Squarepoint Ops LLC now owns 103,209 shares of the technology company’s stock worth $918,000 after purchasing an additional 91,510 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Stratasys during the 4th quarter worth approximately $261,000. Point72 Asset Management L.P. lifted its holdings in Stratasys by 12.1% during the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company’s stock worth $252,000 after purchasing an additional 3,071 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Stratasys by 8.4% during the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company’s stock worth $806,000 after purchasing an additional 7,066 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.