Virtu Financial LLC Invests $379,000 in Stratasys Ltd. (NASDAQ:SSYS)

Virtu Financial LLC purchased a new position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 42,659 shares of the technology company's stock, valued at approximately $379,000. Virtu Financial LLC owned 0.06% of Stratasys at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SSYS. State Street Corp grew its position in shares of Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company's stock valued at $877,000 after acquiring an additional 1,500 shares during the period. Barclays PLC lifted its stake in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company's stock valued at $669,000 after purchasing an additional 1,525 shares during the last quarter. Tidal Investments LLC grew its holdings in 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 purchasing an additional 2,483 shares during the period. Stifel Financial Corp increased its position in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after buying an additional 4,600 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Stratasys by 0.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock valued at $12,445,000 after buying an additional 9,522 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Remove Ads

Stratasys Price Performance

Stratasys stock traded down $0.17 during trading hours on Friday, reaching $10.11. The stock had a trading volume of 341,858 shares, compared to its average volume of 580,410. The stock has a market cap of $725.05 million, a PE ratio of -7.66 and a beta of 1.28. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The company has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $9.26.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $150.40 million during the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business's revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. Research analysts predict that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.