Charles Schwab Investment Management Inc. Has $651,000 Stake in Stratasys Ltd. (NASDAQ:SSYS)

Charles Schwab Investment Management Inc. cut its position in Stratasys Ltd. (NASDAQ:SSYS) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,266 shares of the technology company’s stock after selling 71,958 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Stratasys were worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSYS. SBI Securities Co. Ltd. bought a new stake in shares of Stratasys in the 4th quarter valued at $90,000. Quantbot Technologies LP bought a new stake in shares of Stratasys in the third quarter worth about $90,000. Stifel Financial Corp increased its holdings in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Stratasys during the third quarter worth about $210,000. Finally, Verition Fund Management LLC bought a new position in shares of Stratasys during the 3rd quarter valued at about $322,000. 75.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SSYS shares. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC boosted their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Stratasys Stock Down 3.2 %

NASDAQ:SSYS opened at $9.79 on Tuesday. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The company has a market cap of $702.10 million, a P/E ratio of -7.42 and a beta of 1.28. The business has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $9.28.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

About Stratasys

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.