According to Bloomberg, the eight research analysts currently covering Stratasys Ltd (NASDAQ: SSYS) have rated the company “Moderate Buy” as the consensus recommendation for the investment in question.
There are a total of three market analysts who have given the stock a recommendation to buy, while there are a total of two who have given the stock a rating of hold.
The average price objective for one year that brokers who graded the stock in the previous year have assigned to the stock is $21.00.
This price objective was assigned to the stock.
There have been gains and losses associated with recent transactions involving the holdings of SSYS by institutional investors.
In the final quarter of 2018, Phoenix Holdings Ltd made a 64.6% purchase of additional Stratasys stock, bringing the total percentage of that company’s shares it owned to 100%.
Phoenix Holdings Ltd now owns a total of 3,978,945 shares of the technology company’s stock, which have a value of $47,057,000 after purchasing an additional 1,561,454 shares during the most recent quarter.
These shares were acquired during the most recent quarter.
During the last three months of 2018, the Neuberger Berman Group, a limited liability company, increased the amount of Stratasys stock owned by ten percent. Neuberger Berman Group LLC is now the owner of a total of 2,881,333 shares of the technology company’s stock, which has a market value of $34,113,000.
This comes from the most recent quarter’s acquisition of an additional 261,008 shares by the investment firm.
During the first three months of this year, Dimensional Fund Advisors LP saw a 14.3 percent increase in the value of its holdings in Stratasys.
After purchasing 313,233 additional shares throughout the quarter, Dimensional Fund Advisors LP now holds 2,497,361 of the technology company’s shares, with a market value of $63,411,000.
During the fourth quarter, Granahan Investment Management LLC increased the percentage of Stratasys stock it owns by 0.7%. Granahan Investment Management LLC has increased the total number of shares they own in the company that makes technology products by purchasing an additional 11,697 shares over the most recent month, bringing the total number of shares they own to 1,768,669.
The total value of these shares comes to $20,976,000.
And finally, during the year’s final three months, ARK Investment Management LLC added 11.8% to the amount of Stratasys stock, bringing its total holdings to 27%.
ARK Investment Management LLC now has a total portfolio value of $20,866,000 thanks to purchasing an additional 186,269 shares during the period.
This portfolio is made up of 1,759,357 shares of stock in companies that are involved in the technology industry.
Institutional investors and hedge funds collectively own 83.16% of the total number of shares in the company, making them the company’s largest stockholders.
Various brokerage firms have recently shown interest in SSYS by expressing their desire to learn more about the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Stratasys and set a price objective of $15.00 for the company’s stock in a research note published on Friday, March 10th.
A recommendation was made by StockNews.com on Friday, February 10th, for readers to “buy” shares of Stratasys.
The report was published online.
This suggestion was taken into consideration.
In a research note released on November 16th, Craig Hallum disclosed their decision to lower their price objective on Stratasys shares to $21.00.
Due to a research note published on Friday, March 3rd, Lake Street Capital’s price objective for Stratasys shares has increased from $20.00 to $22.00.
The previous price objective was set at $20.00.
When trading started on Thursday, one share of SSYS was going for $14.83.
During the previous year, the price of Stratasys ranged from a low of $11.03 to a high of $27.64.
The company’s price-to-earnings ratio is -32.96, and its beta value is 1.35.
According to its market capitalization, the company is currently valued at $994.94 million.
The company’s share price has been trading at $13.93 and $13.97 on a moving average over the past fifty and two hundred days, respectively.
Stratasys Ltd provides services to a wide range of business sectors, such as the education and healthcare industries, consumer products, aerospace, and automotive industries.
Its product line includes large production systems for direct digital manufacturing, systems for rapid prototyping, and desktop 3D printers to develop ideas and designs.
Direct digital manufacturing is one of the newest and most promising manufacturing areas.