5 Tech Stocks To Sell Right Now According To Cathie Wood

3. Stratasys Ltd. (NASDAQ:SSYS)

Number of Hedge Fund Holders: 15

Percentage of Stake Discarded: 36%

Stratasys Ltd. (NASDAQ:SSYS) specializes in providing polymer-based 3D printing solutions for different applications, including manufacturing, tooling, and rapid prototyping. In the December quarter, Cathie Wood slashed 36% of her Stratasys Ltd. (NASDAQ:SSYS) stake, holding 639,133 shares worth $9.12 million. 

On December 24, 2023, Nano Dimension Ltd. (NASDAQ:NNDM) submitted an all-cash proposal to acquire Stratasys Ltd. (NASDAQ:SSYS) for $16.50 per share. This preliminary proposal covers all remaining Stratasys shares that Nano Dimension does not already own, and the offer is open to potential increases pending the completion of due diligence. Nano Dimension currently holds a 14% stake in Stratasys, making it the largest shareholder. This move follows Nano Dimension’s withdrawal of a previous $25 per share partial tender offer for Stratasys in late July 2023, which had faced multiple rejections from the 3D printer maker.

According to Insider Monkey’s fourth quarter database, Stratasys Ltd. (NASDAQ:SSYS) was part of 15 hedge fund portfolios, compared to 19 in the earlier quarter. David Rosen’s Rubric Capital Management is the leading stakeholder of the company, with 4.25 million shares worth $60.7 million. 

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