Tejara Capital Ltd Sells 237,050 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Tejara Capital Ltd trimmed its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,166 shares of the technology company's stock after selling 237,050 shares during the period. Stratasys makes up 1.3% of Tejara Capital Ltd's investment portfolio, making the stock its 23rd largest holding. Tejara Capital Ltd owned 0.33% of Stratasys worth $2,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SSYS. Quantbot Technologies LP purchased a new position in shares of Stratasys during the 3rd quarter worth $90,000. SBI Securities Co. Ltd. purchased a new position in Stratasys during the fourth quarter valued at $90,000. Stifel Financial Corp lifted its position in 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 in the last quarter. Point72 Asset Management L.P. purchased a new position in Stratasys during the third quarter valued at $210,000. Finally, Verition Fund Management LLC purchased a new position in Stratasys during the third quarter valued at $322,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 2.6 %

NASDAQ SSYS traded down $0.27 during trading hours on Friday, hitting $10.19. 600,862 shares of the company were exchanged, compared to its average volume of 571,606. The stock has a 50-day moving average price of $10.45 and a 200 day moving average price of $9.09. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The stock has a market cap of $730.79 million, a PE ratio of -7.72 and a beta of 1.28.

Remove Ads

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $150.40 million for the quarter, compared to analysts' expectations of $151.01 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SSYS. Needham & Company LLC lifted their target price on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. StockNews.com downgraded Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald boosted their target price on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

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.