Credit Industriel ET Commercial Takes Position in Stratasys Ltd. (NASDAQ:SSYS)

Credit Industriel ET Commercial bought a new stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,868 shares of the technology company's stock, valued at approximately $443,000. Credit Industriel ET Commercial owned about 0.07% of Stratasys as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in Stratasys by 24.7% during the 3rd 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 period. State Street Corp lifted its holdings 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 buying an additional 1,500 shares during the period. Jane Street Group LLC grew its position in shares of Stratasys by 17.4% in the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company's stock valued at $858,000 after buying an additional 15,318 shares during the last quarter. Barclays PLC increased its stake in shares of 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 buying an additional 1,525 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Stratasys by 42.2% during the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock worth $560,000 after acquiring an additional 20,012 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded up $0.01 during trading on Tuesday, hitting $9.67. 256,423 shares of the company traded hands, compared to its average volume of 581,809. The business's fifty day moving average is $9.82 and its 200 day moving average is $9.51. The firm has a market capitalization of $693.42 million, a price-to-earnings ratio of -7.33 and a beta of 1.44. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating 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 firm had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company's quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

Analysts Set New Price Targets

SSYS has been the topic of several analyst reports. Cantor Fitzgerald upped their target price on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. StockNews.com cut shares of 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 issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Company 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.