Rubric Capital Management LP lifted its holdings in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,191,000 shares of the technology company's stock after acquiring an additional 222,297 shares during the period. Rubric Capital Management LP owned 8.67% of Stratasys worth $51,447,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Stratasys in the third quarter worth about $90,000. Values First Advisors Inc. lifted its stake in Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company's stock worth $278,000 after purchasing an additional 11,254 shares during the last quarter. Tidal Investments LLC bought a new stake in Stratasys in the first quarter worth about $598,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stratasys by 510.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company's stock worth $563,000 after purchasing an additional 56,699 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Stratasys by 785.6% in the third quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company's stock worth $1,078,000 after purchasing an additional 115,080 shares during the last quarter. Institutional investors own 75.77% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SSYS shares. Cantor Fitzgerald decreased their price objective on shares of Stratasys from $23.00 to $12.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Loop Capital reduced their target price on shares of Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. StockNews.com started coverage on shares of Stratasys in a research report on Monday, September 2nd. They set a "hold" rating on the stock. Finally, Needham & Company LLC raised their target price on shares of Stratasys from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Stratasys presently has a consensus rating of "Moderate Buy" and an average price target of $11.40.
Check Out Our Latest Report on Stratasys
Stratasys Price Performance
NASDAQ SSYS traded up $0.02 on Wednesday, hitting $9.55. The stock had a trading volume of 522,379 shares, compared to its average volume of 513,616. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $14.93. The business's fifty day moving average price is $7.96 and its 200 day moving average price is $8.17. The stock has a market cap of $681.68 million, a price-to-earnings ratio of -7.22 and a beta of 1.21.
Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts anticipate that Stratasys Ltd. will post -0.41 EPS for the current 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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