Stratasys, Ltd. (NASDAQ:SSYS) Stake Boosted by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 3,083.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,170 shares of the technology company’s stock after buying an additional 127,050 shares during the period. Bank of Montreal Can owned approximately 0.25% of Stratasys worth $3,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSYS. IFP Advisors Inc raised its position 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 worth $143,000 after buying an additional 225 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares in the last quarter. Stifel Financial Corp raised its position in shares of Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of Stratasys by 65.3% in the fourth quarter. Highbridge Capital Management LLC now owns 25,010 shares of the technology company’s stock worth $413,000 after buying an additional 9,880 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Stratasys during the first quarter worth $454,000. 67.32% of the stock is currently owned by institutional investors and hedge funds.

Stratasys, Ltd. (NASDAQ:SSYS) opened at 20.95 on Friday. The stock has a 50 day moving average price of $23.39 and a 200 day moving average price of $23.42. The stock’s market cap is $1.11 billion. Stratasys, Ltd. has a 52-week low of $16.37 and a 52-week high of $30.88.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. The business had revenue of $170 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities research analysts forecast that Stratasys, Ltd. will post $0.37 EPS for the current year.

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A number of research analysts have recently weighed in on SSYS shares. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $32.00 to $29.00 in a report on Thursday, August 10th. Finally, Loop Capital assumed coverage on Stratasys in a report on Monday, July 24th. They set a “hold” rating and a $24.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Stratasys currently has a consensus rating of “Hold” and an average target price of $23.83.

Stratasys Company Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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