Wellington Shields Capital Management LLC Buys 1,000 Shares of Stratasys Ltd (NASDAQ:SSYS)

Wellington Shields Capital Management LLC boosted its stake in shares of Stratasys Ltd (NASDAQ:SSYS) by 1.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,000 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Wellington Shields Capital Management LLC owned about 0.13% of Stratasys worth $1,513,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. ARK Investment Management LLC boosted its position in shares of Stratasys by 6.2% in the second quarter. ARK Investment Management LLC now owns 7,711,945 shares of the technology company’s stock valued at $226,500,000 after acquiring an additional 452,017 shares during the period. Nikko Asset Management Americas Inc. boosted its position in shares of Stratasys by 85.1% in the third quarter. Nikko Asset Management Americas Inc. now owns 5,457,537 shares of the technology company’s stock valued at $116,273,000 after acquiring an additional 2,508,441 shares during the period. BlackRock Inc. boosted its position in shares of Stratasys by 26.7% in the second quarter. BlackRock Inc. now owns 3,082,017 shares of the technology company’s stock valued at $90,519,000 after acquiring an additional 649,000 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Stratasys by 62.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 746,000 shares of the technology company’s stock valued at $19,150,000 after acquiring an additional 286,847 shares during the period. Finally, UBS Group AG raised its stake in shares of Stratasys by 1.7% in the second quarter. UBS Group AG now owns 714,134 shares of the technology company’s stock valued at $20,975,000 after purchasing an additional 11,682 shares in the last quarter. 83.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SSYS traded down $0.36 during trading hours on Monday, reaching $20.68. The stock had a trading volume of 584,041 shares, compared to its average volume of 544,547. The business’s fifty day moving average is $20.66 and its two-hundred day moving average is $23.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.85 and a quick ratio of 3.02. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 89.91, a PEG ratio of 3.08 and a beta of 1.98. Stratasys Ltd has a twelve month low of $17.06 and a twelve month high of $30.60.

SSYS has been the subject of a number of recent research reports. William Blair restated a “sell” rating on shares of Stratasys in a research note on Monday, October 21st. ValuEngine upgraded Stratasys from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, BidaskClub upgraded Stratasys from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.50.

Stratasys Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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