Primecap Management Co. CA Trims Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Primecap Management Co. CA lowered its holdings in Stratasys Ltd. (NASDAQ:SSYSFree Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,776,999 shares of the technology company’s stock after selling 220,500 shares during the period. Primecap Management Co. CA owned about 4.06% of Stratasys worth $39,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Values First Advisors Inc. raised its position in shares of Stratasys by 4.4% during the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after acquiring an additional 828 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Stratasys by 6.3% during the third quarter. Van ECK Associates Corp now owns 20,306 shares of the technology company’s stock worth $276,000 after purchasing an additional 1,199 shares during the period. Formidable Asset Management LLC lifted its position in shares of Stratasys by 14.7% in the 3rd quarter. Formidable Asset Management LLC now owns 17,547 shares of the technology company’s stock worth $239,000 after buying an additional 2,250 shares during the last quarter. RIA Advisory Group LLC acquired a new position in shares of Stratasys in the 4th quarter valued at about $33,000. Finally, Moody National Bank Trust Division grew its position in shares of Stratasys by 11.3% during the 4th quarter. Moody National Bank Trust Division now owns 49,262 shares of the technology company’s stock valued at $703,000 after buying an additional 4,997 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Up 0.2 %

Shares of SSYS stock traded up $0.02 during trading hours on Friday, reaching $9.06. The stock had a trading volume of 357,406 shares, compared to its average volume of 408,066. The firm has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $11.80. Stratasys Ltd. has a twelve month low of $8.90 and a twelve month high of $21.72.

Stratasys (NASDAQ:SSYSGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The company had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same quarter last year, the business earned ($0.03) earnings per share. Stratasys’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Stratasys Ltd. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SSYS shares. Cantor Fitzgerald assumed coverage on shares of Stratasys in a report on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 target price on the stock. StockNews.com assumed coverage on Stratasys in a report on Tuesday, May 21st. They issued a “buy” rating on the stock.

Read Our Latest Analysis on SSYS

About Stratasys

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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