California State Teachers Retirement System cut its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,581 shares of the technology company’s stock after selling 8,000 shares during the period. California State Teachers Retirement System owned 0.17% of Stratasys worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SSYS. Teachers Advisors LLC raised its position in Stratasys by 1.5% during the first quarter. Teachers Advisors LLC now owns 82,995 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 1,208 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Stratasys by 27.9% during the first quarter. TIAA CREF Investment Management LLC now owns 277,806 shares of the technology company’s stock valued at $5,692,000 after buying an additional 60,584 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Stratasys by 9.5% during the first quarter. California Public Employees Retirement System now owns 85,300 shares of the technology company’s stock valued at $1,748,000 after buying an additional 7,400 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Stratasys by 2.9% during the first quarter. Geode Capital Management LLC now owns 109,405 shares of the technology company’s stock valued at $2,241,000 after buying an additional 3,039 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Stratasys by 65.9% during the first quarter. Dimensional Fund Advisors LP now owns 528,544 shares of the technology company’s stock valued at $10,829,000 after buying an additional 209,886 shares during the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.

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Shares of Stratasys, Ltd. (NASDAQ SSYS) opened at $20.98 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,063.42, a price-to-earnings ratio of 287.43, a price-to-earnings-growth ratio of 16.77 and a beta of 1.40. Stratasys, Ltd. has a 52-week low of $16.37 and a 52-week high of $30.88.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Monday, November 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million for the quarter, compared to analysts’ expectations of $160.97 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. equities research analysts forecast that Stratasys, Ltd. will post 0.06 earnings per share for the current fiscal year.

A number of research firms have recently commented on SSYS. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, September 22nd. Susquehanna Bancshares Inc raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price on the stock in a research note on Friday, October 20th. Cowen and Company set a $27.00 target price on Stratasys and gave the company a “hold” rating in a research note on Monday, August 7th. BidaskClub cut Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and cut their target price for the company from $32.00 to $29.00 in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.24.

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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