Primecap Management Co/ca/ Bought A Lot More Stratasys, Ltd. (SSYS) Stock

Marco Green
August 12, 2017

About 2,966 shares traded.

Other firms have also shifted positions in (SSYS). IFP Advisors Inc raised its stake in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company's stock valued at $143,000 after buying an additional 225 shares during the last quarter.

The company's quick ratio for most recent quarter is 2.6 along with current ratio for most recent quarter of 3.2. Teton Advisors Inc. now owns 41,500 shares of the technology company's stock worth $850,000 after buying an additional 4,000 shares during the period. Teton Advisors Inc. boosted its stake in shares of Stratasys by 10.7% in the first quarter. State Street Corporation owns 0.13% invested in Sempra Energy (NYSE:SRE) for 14.13M shares. As of the end of the quarter Ark Investment Management LLC had sold 129,347 shares trimming its stake by 9.5%. The stock's market capitalization is 1.18B, it has a 52-week low of 16.37 and a 52-week high of 30.88. Goldman Sachs reinitiated the stock with "Neutral" rating in Tuesday, December 13 report.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. Moreover, Arrowpoint Asset Management Llc has 0.52% invested in the company for 1.99 million shares. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The firm had revenue of $170 million during the quarter, compared to analyst estimates of $167.82 million.

For the fourth quarter, analysts expect EPS of $0.05 and revenues of $162.11 million.

Primecap Management Co/ca/ bought 648,300 shares in the previous quarter increasing its exposure to Stratasys, 10.3%. If you are reading this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright laws. Royce & Associates LP now owns 451,646 shares of the technology company's stock valued at $9,254,000 after buying an additional 381,346 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: "Stratasys (SSYS) Getting Somewhat Favorable Press Coverage, Report Shows" was originally reported by BBNS and is owned by of BBNS.

Loop Capital began new coverage on Stratasys, Ltd. giving the company a "hold" rating. Guggenheim Capital Limited Liability Corp has 0% invested in Stratasys, Ltd. (NASDAQ:SSYS). The company's 50-day moving average price is $23.96 and its 200 day moving average price is $23.33. Stratasys Ltd. (NASDAQ:SSYS) notched a 12-month high of $26.50 while $39.00 target is by far the most aggressive out of analysts who are now evaluating SSYS, $12.5 higher than the next highest 52-week price estimate. Deutsche Bank AG reduced their price target on shares of Stratasys from $31.00 to $25.00 and set a "hold" rating for the company in a report on Thursday. FBR & Co reaffirmed an "outperform" rating and issued a $33.00 price target (up from $24.00) on shares of Stratasys in a report on Wednesday, May 17th.

Stratasys Ltd. (SSYS) stock price is at a -27.82% downfall to its 52-week high and above 36.12% to a 52-week low. Out of the analyst recommendations 1 rate Stratasys Ltd (NASDAQ:SSYS) stock a Buy, 2 rate the stock Outperform, 12 rate Hold, 4 rate Underperform and 0 recommend a Sell. The stock last traded at $22.95 which is just under $23.96, the 50 day moving average and a tad under the 200 day moving average of $23.33.

Other reports by Click Lancashire

Discuss This Article