Migdal Insurance & Financial Holdings Ltd. lifted its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 53.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153,580 shares of the technology company's stock after buying an additional 400,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 1.62% of Stratasys worth $10,255,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Stratasys in the third quarter worth approximately $90,000. Stifel Financial Corp boosted 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 valued at $193,000 after purchasing an additional 4,600 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Stratasys in the third quarter worth about $210,000. Verition Fund Management LLC purchased a new position in Stratasys in the 3rd quarter worth about $322,000. Finally, Tidal Investments LLC lifted its holdings in Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock valued at $467,000 after buying an additional 2,483 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.
Stratasys Stock Down 1.9 %
Shares of Stratasys stock traded down $0.23 during trading on Monday, reaching $11.96. The company's stock had a trading volume of 483,673 shares, compared to its average volume of 759,215. The company has a 50-day simple moving average of $9.70 and a two-hundred day simple moving average of $8.47. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $13.98. The company has a market cap of $853.75 million, a price-to-earnings ratio of -9.07 and a beta of 1.31.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The firm had revenue of $140.00 million during the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. Stratasys's revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. As a group, analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently commented on SSYS shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Craig Hallum increased their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $12.00 price target on shares of Stratasys in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of Stratasys from a "hold" rating to a "buy" rating in a report on Wednesday, December 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.40.
Read Our Latest Stock Report on SSYS
About Stratasys
(
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.
Further Reading
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