BidaskClub upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a research report released on Monday, February 4th.
A number of other research firms have also commented on SSYS. Cowen set a $22.00 price objective on Stratasys and gave the stock a hold rating in a research note on Thursday, November 1st. Susquehanna Bancshares set a $27.00 target price on Stratasys and gave the company a buy rating in a report on Thursday, November 1st. ValuEngine raised Stratasys from a sell rating to a hold rating in a report on Thursday, November 1st. Piper Jaffray Companies raised Stratasys from a neutral rating to an overweight rating and raised their target price for the company from $19.00 to $31.00 in a report on Tuesday, January 29th. Finally, Zacks Investment Research reaffirmed a buy rating and issued a $21.00 target price on shares of Stratasys in a report on Friday, November 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Stratasys currently has an average rating of Hold and an average target price of $22.57.
Stratasys stock opened at $26.81 on Monday. Stratasys has a one year low of $17.06 and a one year high of $28.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.23 and a current ratio of 3.95. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 206.23, a P/E/G ratio of 4.94 and a beta of 1.99.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSYS. Millennium Management LLC boosted its holdings in shares of Stratasys by 505.2% during the 4th quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock valued at $8,867,000 after acquiring an additional 410,983 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Stratasys by 32.4% during the 3rd quarter. State Treasurer State of Michigan now owns 1,224,603 shares of the technology company’s stock valued at $28,301,000 after acquiring an additional 300,000 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Stratasys during the 2nd quarter valued at $4,797,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Stratasys during the 4th quarter valued at $3,472,000. Finally, BlackRock Inc. boosted its holdings in shares of Stratasys by 5.5% during the 2nd quarter. BlackRock Inc. now owns 2,334,359 shares of the technology company’s stock valued at $44,680,000 after acquiring an additional 122,685 shares in the last quarter. 73.50% of the stock is currently owned by institutional investors.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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