Balyasny Asset Management L.P. Acquires New Stake in Stratasys Ltd. (NASDAQ:SSYS)

Balyasny Asset Management L.P. 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 27,791 shares of the technology company's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Stratasys in the fourth quarter valued at approximately $68,000. Teton Advisors Inc. purchased a new stake in Stratasys in the 4th quarter valued at $89,000. SBI Securities Co. Ltd. purchased a new stake in Stratasys in the 4th quarter valued at $90,000. Hsbc Holdings PLC grew its stake in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Stratasys during the 4th quarter worth $217,000. Institutional investors own 75.77% of the company's stock.

Stratasys Trading Down 0.6%

Stratasys stock traded down $0.07 during mid-day trading on Thursday, hitting $10.53. The company had a trading volume of 148,531 shares, compared to its average volume of 588,227. The stock's 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.84. Stratasys Ltd. has a 12 month low of $6.05 and a 12 month high of $12.88. The company has a market capitalization of $754.81 million, a PE ratio of -7.98 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 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $136.05 million for the quarter, compared to the consensus estimate of $134.11 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Cantor Fitzgerald raised their target price on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Needham & Company LLC raised their price objective on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.