ETF Managers Group LLC Sells 1,918 Shares of Stratasys Ltd (SSYS)

ETF Managers Group LLC cut its position in shares of Stratasys Ltd (NASDAQ:SSYS) by 4.2% during the 4th quarter, Holdings Channel reports. The firm owned 44,298 shares of the technology company’s stock after selling 1,918 shares during the period. ETF Managers Group LLC’s holdings in Stratasys were worth $798,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Stratasys during the 3rd quarter valued at about $140,000. Nikko Asset Management Americas Inc. bought a new position in shares of Stratasys during the 3rd quarter valued at about $169,000. Virtu Financial LLC bought a new position in shares of Stratasys during the 3rd quarter valued at about $204,000. Weil Company Inc. bought a new position in shares of Stratasys during the 3rd quarter valued at about $256,000. Finally, Bank of Montreal Can increased its position in shares of Stratasys by 43.2% during the 4th quarter. Bank of Montreal Can now owns 16,316 shares of the technology company’s stock valued at $294,000 after purchasing an additional 4,920 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

SSYS has been the topic of several recent research reports. Piper Jaffray Companies upgraded Stratasys from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $31.00 in a research report on Tuesday, January 29th. BidaskClub lowered Stratasys from a “sell” rating to a “strong sell” rating in a research report on Monday, January 7th. ValuEngine lowered Stratasys from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Susquehanna Bancshares set a $27.00 price objective on Stratasys and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Stratasys has a consensus rating of “Hold” and a consensus target price of $22.57.

Shares of SSYS stock opened at $25.94 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 141.61, a P/E/G ratio of 4.50 and a beta of 1.99. Stratasys Ltd has a 1-year low of $17.06 and a 1-year high of $27.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.95 and a quick ratio of 3.23.

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About Stratasys

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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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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