27,791 Shares in Stratasys Ltd. (NASDAQ:SSYS) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 27,791 shares of the technology company's stock, valued at approximately $247,000.

A number of other hedge funds have also modified their holdings of the company. Bayesian Capital Management LP bought a new position in shares of Stratasys during the fourth quarter worth about $217,000. BNP Paribas Financial Markets grew its holdings in shares of Stratasys by 46.6% during the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after buying an additional 60,407 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Stratasys by 107.1% during the fourth quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock worth $1,901,000 after buying an additional 110,578 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Stratasys by 26.0% during the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after buying an additional 9,168 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Stratasys during the fourth quarter worth about $2,165,000. 75.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SSYS has been the subject of a number of research reports. Cantor Fitzgerald increased their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Needham & Company LLC increased their price target on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Trading Down 1.3%

Shares of SSYS traded down $0.14 during mid-day trading on Friday, reaching $10.32. The company's stock had a trading volume of 323,247 shares, compared to its average volume of 588,726. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88. The stock has a market cap of $740.11 million, a P/E ratio of -7.82 and a beta of 1.50. The business has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $9.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. During the same period last year, the firm posted ($0.02) earnings per share. The business's revenue was down 5.6% on a year-over-year basis. Research analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current year.

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.