Gabelli Funds LLC Decreases Holdings in Stratasys Ltd (NASDAQ:SSYS)

Gabelli Funds LLC trimmed its stake in shares of Stratasys Ltd (NASDAQ:SSYS) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,500 shares of the technology company’s stock after selling 6,000 shares during the period. Gabelli Funds LLC owned 0.22% of Stratasys worth $2,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Stratasys by 209.3% during the second quarter. JPMorgan Chase & Co. now owns 55,852 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 37,792 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Stratasys by 24.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 155,731 shares of the technology company’s stock valued at $4,574,000 after purchasing an additional 31,051 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Stratasys during the second quarter valued at $5,916,000. ETF Managers Group LLC lifted its holdings in Stratasys by 1.9% during the second quarter. ETF Managers Group LLC now owns 43,747 shares of the technology company’s stock valued at $1,123,000 after purchasing an additional 833 shares in the last quarter. Finally, ARK Investment Management LLC lifted its holdings in Stratasys by 6.2% during 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 purchasing an additional 452,017 shares in the last quarter. 83.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SSYS traded up $0.23 during midday trading on Friday, hitting $21.04. The company’s stock had a trading volume of 316,300 shares, compared to its average volume of 544,365. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.85. The company has a market cap of $1.15 billion, a P/E ratio of 91.48, a price-to-earnings-growth ratio of 3.08 and a beta of 1.98. The business’s 50 day simple moving average is $20.73 and its 200 day simple moving average is $23.71. Stratasys Ltd has a 12-month low of $17.06 and a 12-month high of $30.60.

Several equities analysts have issued reports on the stock. BidaskClub raised shares of Stratasys from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine raised shares of Stratasys from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, William Blair reissued a “sell” rating on shares of Stratasys in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock 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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