37,733 Shares in Stratasys, Ltd. (NASDAQ:SSYS) Acquired by Brown Advisory Inc.

Brown Advisory Inc. bought a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS) in the 1st quarter, HoldingsChannel.com reports. The fund bought 37,733 shares of the technology company’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in Stratasys by 2.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company’s stock worth $14,098,000 after buying an additional 40,135 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Stratasys by 0.6% during the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company’s stock worth $8,369,000 after purchasing an additional 5,541 shares during the period. Formula Growth Ltd. raised its position in shares of Stratasys by 58.3% in the 4th quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company’s stock worth $6,756,000 after buying an additional 280,000 shares during the period. Penn Capital Management Company LLC purchased a new position in Stratasys in the fourth quarter valued at about $5,376,000. Finally, Renaissance Technologies LLC grew its stake in Stratasys by 44.0% in the fourth quarter. Renaissance Technologies LLC now owns 563,832 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 172,218 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Stratasys from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Stock Performance

NASDAQ SSYS opened at $11.11 on Wednesday. The firm’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.25. Stratasys, Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The stock has a market cap of $796.81 million, a price-to-earnings ratio of -7.41 and a beta of 1.53.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. Stratasys’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, research analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Stratasys Company Profile

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.