Kopion Asset Management LLC Sells 59,799 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Kopion Asset Management LLC reduced its position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,096,047 shares of the technology company's stock after selling 59,799 shares during the quarter. Stratasys comprises approximately 6.8% of Kopion Asset Management LLC's investment portfolio, making the stock its 6th biggest holding. Kopion Asset Management LLC owned about 1.54% of Stratasys worth $9,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SSYS. State Street Corp grew its position in Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company's stock worth $877,000 after purchasing an additional 1,500 shares during the last quarter. Barclays PLC lifted its stake in shares of Stratasys by 1.9% during the third quarter. Barclays PLC now owns 80,454 shares of the technology company's stock worth $669,000 after buying an additional 1,525 shares during the period. Tidal Investments LLC grew its holdings in shares of Stratasys by 4.6% during the third 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 during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company's stock valued at $8,731,000 after acquiring an additional 3,791 shares during the period. Finally, ARK Investment Management LLC raised its stake in Stratasys by 0.7% in the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company's stock worth $5,378,000 after acquiring an additional 4,589 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Stock Up 2.1 %

Shares of SSYS traded up $0.18 during mid-day trading on Wednesday, reaching $8.76. The company had a trading volume of 443,744 shares, compared to its average volume of 423,033. The stock has a 50 day moving average of $9.33 and a two-hundred day moving average of $8.31. The stock has a market capitalization of $625.27 million, a P/E ratio of -6.64 and a beta of 1.31. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $14.22.

Stratasys (NASDAQ:SSYS - Get Free Report) last released 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. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The business's quarterly revenue was down 13.6% compared to the same quarter last year. On average, sell-side analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

SSYS has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on Stratasys from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Craig Hallum upped their target price on Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.40.

About Stratasys

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.