Gamco Investors INC. ET AL Acquires 48,157 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Gamco Investors INC. ET AL boosted its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 191,461 shares of the technology company's stock after purchasing an additional 48,157 shares during the period. Gamco Investors INC. ET AL owned 0.27% of Stratasys worth $1,702,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SSYS. Headlands Technologies LLC acquired a new position in shares of Stratasys in the fourth quarter valued at $68,000. SBI Securities Co. Ltd. bought a new stake in Stratasys during the fourth quarter worth about $90,000. Stifel Financial Corp lifted its position in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after purchasing an additional 4,600 shares during the period. XTX Topco Ltd bought a new stake in Stratasys during the fourth quarter worth about $331,000. Finally, Virtu Financial LLC bought a new stake in Stratasys during the fourth quarter worth about $379,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSYS. Cantor Fitzgerald upped their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Needham & Company LLC increased their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, StockNews.com cut shares of Stratasys from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Price Performance

Shares of Stratasys stock traded up $0.29 during trading on Thursday, reaching $9.43. 68,558 shares of the company traded hands, compared to its average volume of 582,515. The firm has a market capitalization of $675.92 million, a PE ratio of -7.13 and a beta of 1.44. The company has a 50 day moving average price of $9.96 and a 200-day moving average price of $9.44. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $151.01 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business's quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts expect 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.