FBR & Co Downgrades Stratasys, Ltd. (SSYS) to Neutral

Stratasys, Ltd. (NASDAQ:SSYS) was downgraded by equities researchers at FBR & Co from a “buy” rating to a “neutral” rating in a research note issued on Wednesday.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, August 25th. BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Cowen and Company set a $27.00 target price on Stratasys and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 target price on shares of Stratasys in a research report on Friday, August 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.12.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The company had revenue of $170.00 million during the quarter, compared to analyst estimates of $167.82 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SSYS. Dimensional Fund Advisors LP raised its stake in Stratasys by 132.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after buying an additional 700,246 shares in the last quarter. Columbus Circle Investors acquired a new stake in Stratasys during the second quarter valued at approximately $10,407,000. Quantitative Investment Management LLC acquired a new stake in Stratasys during the second quarter valued at approximately $5,216,000. AXA raised its stake in Stratasys by 36.4% during the second quarter. AXA now owns 766,026 shares of the technology company’s stock valued at $17,856,000 after buying an additional 204,629 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Stratasys by 64.7% during the second quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock valued at $8,807,000 after buying an additional 148,400 shares in the last quarter. Hedge funds and other institutional investors own 67.13% of the company’s stock.

About Stratasys

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.

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