30,582 Shares in Stratasys Ltd. (NASDAQ:SSYS) Purchased by Cigogne Management SA

Cigogne Management SA purchased a new stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,582 shares of the technology company's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Stratasys in the fourth quarter valued at $68,000. Teton Advisors Inc. acquired a new stake in Stratasys in the fourth quarter valued at $89,000. SBI Securities Co. Ltd. acquired a new stake in Stratasys in the fourth quarter valued at $90,000. Hsbc Holdings PLC raised its stake in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after buying an additional 1,564 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after buying an additional 4,600 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Price Performance

Shares of SSYS traded down $0.07 during midday trading on Tuesday, reaching $9.59. 205,921 shares of the stock were exchanged, compared to its average volume of 581,681. The business's 50-day moving average price is $9.82 and its 200 day moving average price is $9.51. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The company has a market capitalization of $687.76 million, a price-to-earnings ratio of -7.26 and a beta of 1.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same quarter last year, the company posted $0.02 earnings per share. The business's revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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