24,360 Shares in Stratasys Ltd. (NASDAQ:SSYS) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,360 shares of the technology company's stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock worth $560,000 after purchasing an additional 20,012 shares during the last quarter. Barclays PLC raised its holdings 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 acquiring an additional 1,525 shares during the period. Tidal Investments LLC raised its position in Stratasys by 4.6% in 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 during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Stratasys by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Stratasys by 53.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock valued at $10,255,000 after purchasing an additional 400,000 shares during the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Stock Up 1.7%

Shares of NASDAQ SSYS traded up $0.19 during midday trading on Wednesday, hitting $11.20. The stock had a trading volume of 195,433 shares, compared to its average volume of 589,437. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The business's 50 day moving average is $9.70 and its 200-day moving average is $9.71. The company has a market cap of $803.22 million, a P/E ratio of -8.48 and a beta of 1.50.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. As a group, analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their target price 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. StockNews.com lowered Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC boosted their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.