Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 510.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,803 shares of the technology company's stock after purchasing an additional 56,699 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Stratasys worth $563,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Values First Advisors Inc. increased its position in Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company's stock valued at $278,000 after acquiring an additional 11,254 shares during the period. Tidal Investments LLC acquired a new position in Stratasys in the 1st quarter valued at about $598,000. Trium Capital LLP increased its position in Stratasys by 5.6% in the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock valued at $1,266,000 after acquiring an additional 8,052 shares during the period. Gabelli Funds LLC increased its position in Stratasys by 9.0% in the 2nd quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company's stock valued at $1,620,000 after acquiring an additional 16,000 shares during the period. Finally, TSP Capital Management Group LLC increased its position in Stratasys by 3.7% in the 2nd quarter. TSP Capital Management Group LLC now owns 443,400 shares of the technology company's stock valued at $3,720,000 after acquiring an additional 16,000 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on SSYS shares. StockNews.com upgraded Stratasys from a "hold" rating to a "buy" rating in a research report on Wednesday. Needham & Company LLC boosted their price target on Stratasys from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Cantor Fitzgerald dropped their target price on Stratasys from $23.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Lake Street Capital dropped their target price on Stratasys from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Finally, Loop Capital dropped their target price on Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $11.40.
Check Out Our Latest Report on Stratasys
Stratasys Trading Up 0.7 %
Shares of NASDAQ:SSYS traded up $0.07 during trading on Friday, hitting $9.62. 215,006 shares of the stock were exchanged, compared to its average volume of 512,324. The company has a fifty day moving average price of $8.09 and a two-hundred day moving average price of $8.18. The company has a market cap of $686.66 million, a PE ratio of -7.29 and a beta of 1.21. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $14.93.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company's quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. Equities research analysts anticipate that Stratasys Ltd. will post -0.41 earnings per share for the current fiscal year.
Stratasys Company Profile
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Free Report)
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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