Stratasys (NASDAQ:SSYS) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYS) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the technology company’s stock.

A number of other analysts also recently commented on SSYS. Needham & Company LLC decreased their price target on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 target price on shares of Stratasys in a research report on Thursday, May 30th.

Stratasys Trading Down 5.2 %

Shares of SSYS opened at $8.42 on Friday. The company has a market capitalization of $586.54 million, a price-to-earnings ratio of -4.60 and a beta of 1.32. The stock has a 50 day moving average of $9.55 and a 200 day moving average of $11.60. Stratasys has a 12 month low of $8.38 and a 12 month high of $21.72.

Institutional Trading of Stratasys

A number of large investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Stratasys by 451,312.5% in the third quarter. Barclays PLC now owns 72,226 shares of the technology company’s stock worth $983,000 after acquiring an additional 72,210 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Stratasys by 6.3% in the third quarter. Van ECK Associates Corp now owns 20,306 shares of the technology company’s stock worth $276,000 after acquiring an additional 1,199 shares during the period. Aigen Investment Management LP bought a new position in shares of Stratasys in the third quarter worth $271,000. Natixis Advisors L.P. boosted its holdings in shares of Stratasys by 54.0% in the third quarter. Natixis Advisors L.P. now owns 47,844 shares of the technology company’s stock worth $651,000 after acquiring an additional 16,774 shares during the period. Finally, Millrace Asset Group Inc. bought a new position in shares of Stratasys in the third quarter worth $1,377,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.