OMERS ADMINISTRATION Corp Takes $251,000 Position in Stratasys, Ltd. $SSYS

Key Points

• OMERS ADMINISTRATION Corp acquired 25,600 shares of Stratasys, Ltd. ($SSYS), marking a new investment valued at approximately $251,000 during the first quarter.
• Institutional investors now hold 75.77% of Stratasys's stock, with RPG Investment Advisory LLC increasing its stake by 102.3% and other investors also significantly boosting their positions.
• Stratasys's stock has received mixed ratings, with a consensus rating of "Buy" and a revised average price target of $14.33 from analysts.

OMERS ADMINISTRATION Corp bought a new stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,600 shares of the technology company's stock, valued at approximately $251,000.

A number of other hedge funds also recently modified their holdings of the business. Neuberger Berman Group LLC lifted its holdings in shares of Stratasys by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock valued at $45,082,000 after purchasing an additional 109,331 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Stratasys by 0.4% during the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock worth $35,381,000 after acquiring an additional 12,900 shares in the last quarter. RPG Investment Advisory LLC raised its holdings in shares of Stratasys by 102.3% during the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after acquiring an additional 1,111,491 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock worth $20,862,000 after acquiring an additional 977,403 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Stratasys by 2.9% during the first quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company's stock worth $14,098,000 after acquiring an additional 40,135 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Trading Down 3.2%

Stratasys stock traded down $0.32 during mid-day trading on Wednesday, hitting $9.80. 1,336,388 shares of the company's stock were exchanged, compared to its average volume of 1,338,338. The stock has a market cap of $833.88 million, a P/E ratio of -7.31 and a beta of 1.62. Stratasys, Ltd. has a 1-year low of $6.28 and a 1-year high of $12.88. The stock has a 50 day moving average of $10.80 and a two-hundred day moving average of $10.38.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $138.09 million for the quarter, compared to the consensus estimate of $137.15 million. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. As a group, research analysts predict that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several recent research reports. Needham & Company LLC cut their price objective on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stratasys currently has an average rating of "Buy" and an average target price of $14.33.

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.