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

StockNews.com lowered shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently issued reports on SSYS. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Stratasys in a report on Monday, February 3rd. Craig Hallum lifted their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Stratasys in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Stratasys presently has an average rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Stock Down 0.8 %

Stratasys stock opened at $10.57 on Wednesday. The stock has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $8.82. Stratasys has a 12-month low of $6.05 and a 12-month high of $12.88. The stock has a market capitalization of $754.47 million, a price-to-earnings ratio of -8.01 and a beta of 1.31.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Stratasys during the 4th quarter worth about $68,000. Teton Advisors Inc. acquired a new position in shares of Stratasys during the 4th quarter worth about $89,000. Quantbot Technologies LP acquired a new position in shares of Stratasys during the 3rd quarter worth about $90,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the 4th quarter worth about $90,000. Finally, Hsbc Holdings PLC grew its position in shares of Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after buying an additional 1,564 shares during the period. 75.77% of the stock is owned by institutional investors.

Stratasys Company Profile

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.