Cigogne Management SA Invests $272,000 in Stratasys Ltd. (NASDAQ:SSYS)

Cigogne Management SA purchased a new position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,582 shares of the technology company's stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSYS. Headlands Technologies LLC purchased a new position in shares of Stratasys during the fourth quarter worth about $68,000. Teton Advisors Inc. purchased a new position in Stratasys during the 4th quarter worth approximately $89,000. SBI Securities Co. Ltd. acquired a new position in Stratasys during the fourth quarter worth approximately $90,000. Hsbc Holdings PLC increased its position in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after buying an additional 1,564 shares during the period. Finally, Stifel Financial Corp lifted its stake in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after buying an additional 4,600 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC lifted their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. StockNews.com downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald upped their target price on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Stock Performance

Shares of Stratasys stock opened at $9.14 on Thursday. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The firm has a fifty day moving average of $9.96 and a two-hundred day moving average of $9.44. The company has a market cap of $655.48 million, a P/E ratio of -6.92 and a beta of 1.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm's revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts predict that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Stratasys Profile

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.

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