BNP Paribas Financial Markets Purchases 115,080 Shares of Stratasys Ltd. (NASDAQ:SSYS)

BNP Paribas Financial Markets lifted its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 785.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,728 shares of the technology company's stock after purchasing an additional 115,080 shares during the period. BNP Paribas Financial Markets owned approximately 0.18% of Stratasys worth $1,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Stratasys during the third quarter valued at $90,000. Values First Advisors Inc. raised its position in Stratasys by 51.3% during the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company's stock valued at $278,000 after buying an additional 11,254 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company's stock valued at $563,000 after buying an additional 56,699 shares during the period. Trium Capital LLP raised its position in Stratasys by 5.6% during the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock valued at $1,266,000 after buying an additional 8,052 shares during the period. Finally, Gabelli Funds LLC raised its position in Stratasys by 9.0% during the second quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company's stock valued at $1,620,000 after buying an additional 16,000 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Trading Up 1.8 %

NASDAQ:SSYS traded up $0.18 during mid-day trading on Wednesday, hitting $10.34. 1,014,120 shares of the company's stock traded hands, compared to its average volume of 517,506. The firm has a 50 day moving average of $8.41 and a two-hundred day moving average of $8.20. Stratasys Ltd. has a 12 month low of $6.05 and a 12 month high of $14.93. The firm has a market capitalization of $738.07 million, a price-to-earnings ratio of -7.83 and a beta of 1.31.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm's revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, equities research analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

SSYS has been the topic of several recent analyst reports. Loop Capital dropped their price target on Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Needham & Company LLC upped their target price on Stratasys from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. 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, 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Stratasys presently has an average rating of "Moderate Buy" and an average price target of $11.40.

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.