Royce & Associates LP bought a new position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,000 shares of the technology company's stock, valued at approximately $1,467,000. Royce & Associates LP owned approximately 0.23% of Stratasys as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in shares of Stratasys by 1.4% in the third quarter. State Street Corp now owns 105,578 shares of the technology company's stock worth $877,000 after acquiring an additional 1,500 shares in the last quarter. Barclays PLC increased its holdings in Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company's stock valued at $669,000 after purchasing an additional 1,525 shares in the last quarter. Tidal Investments LLC raised its position in Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock valued at $467,000 after purchasing an additional 2,483 shares during the period. Stifel Financial Corp lifted its stake 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 worth $193,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Stratasys by 0.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares during the period. Hedge funds and other institutional investors own 75.77% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Cantor Fitzgerald raised their target price on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC upped their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stratasys presently has an average rating of "Moderate Buy" and a consensus price target of $12.20.
View Our Latest Research Report on SSYS
Stratasys Stock Down 1.2 %
Shares of SSYS traded down $0.12 during midday trading on Tuesday, hitting $10.23. The company had a trading volume of 333,880 shares, compared to its average volume of 571,790. The stock has a market cap of $733.65 million, a price-to-earnings ratio of -7.75 and a beta of 1.28. The company's 50 day moving average price is $10.48 and its 200 day moving average price is $9.15. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88.
Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $151.01 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.
Stratasys Profile
(
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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