Stratasys Ltd. (NASDAQ:SSYS) Stake Raised by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,832 shares of the technology company's stock after buying an additional 172,218 shares during the quarter. Renaissance Technologies LLC owned about 0.79% of Stratasys worth $5,012,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Stratasys during the fourth quarter worth about $68,000. SBI Securities Co. Ltd. acquired a new stake in shares of Stratasys in the fourth quarter valued at approximately $90,000. Stifel Financial Corp raised its holdings in shares of Stratasys by 24.7% during 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. Virtu Financial LLC acquired a new position in shares of Stratasys during the fourth quarter worth approximately $379,000. Finally, Tidal Investments LLC grew its holdings in Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock worth $467,000 after buying an additional 2,483 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC boosted their price target on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cantor Fitzgerald boosted their price target 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. Finally, StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Trading Up 3.5 %

Shares of NASDAQ SSYS traded up $0.32 during midday trading on Thursday, reaching $9.46. The company's stock had a trading volume of 209,397 shares, compared to its average volume of 596,347. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The company has a market cap of $678.72 million, a price-to-earnings ratio of -7.17 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 (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to analysts' expectations of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm's revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. Research analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Stratasys Company 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.