Markets

PRIMECAP Adds to Stakes in 3D Companies

PRIMECAP Management ( Trades , Portfolio ) added to two of its existing stakes in 3D technology - Stratasys Ltd. ( NASDAQ:SSYS ) and Faro Technologies Inc. ( FARO ) - on Sept. 30.

PRIMECAP bought 1,795,000 shares of Stratasys, an Eden Prairie, Minn.-based maker of 3D printers and production systems for businesses, for $26.49 per share. The transaction had a 0.05% impact on PRIMECAP's portfolio.

GuruFocus has given Stratasys a Financial Strength score of 8/10 and a Profitability & Growth score of 6/10.

Stratasys has a market cap of $1.53 billion and an enterprise value of $1.35 billion. It has a forward P/E of 32.6, a P/B of 0.7 and a P/S of 1.9.

PRIMECAP is Stratasys' leading shareholder among the gurus; Bill Frels (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio) also have shares of Stratasys in their portfolios.

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Stratasys sold for $29.66 per share when the market closed Tuesday.

PRIMECAP acquired 100,000 shares of Faro Technologies, a Lake Mary, Fla., provider of 3D measurement, imaging and realization technology, for $35 per share.

GuruFocus has given Faro Technologies a Financial Strength score of 8/10 and a Profitability & Growth score of 6/10.

Faro Technologies has a market cap of $671.39 million and an enterprise value of $496.26 million. It has a P/E of 24.8, a forward P/E of 22, a P/B of 1.9 and a P/S of 2.0.

James Barrow (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Faro Technologies in their portfolios.

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Faro Technologies reached a new 52-week high of $35.70 per share on Oct. 1. The stock has moved beyond that price in recent days, selling for $38.25 per share when the market closed Tuesday.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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