ARK Investment Management LLC Has $5.38 Million Stake in Stratasys, Ltd. $SSYS

Key Points

• ARK Investment Management LLC has reduced its stake in Stratasys, Ltd. by 20.7% during the second quarter, now owning approximately $5.38 million worth of shares.
• Stratasys reported a quarterly revenue of $138.09 million, slightly beating analyst estimates, while maintaining an EPS of $0.03.
• Several institutional investors, including Harbor Capital Advisors Inc. and OMERS ADMINISTRATION Corp, have increased their positions in Stratasys, indicating continued interest in the company despite its fluctuating share value.

ARK Investment Management LLC reduced its stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,034 shares of the technology company's stock after selling 122,644 shares during the period. ARK Investment Management LLC owned about 0.55% of Stratasys worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new position in Stratasys during the 1st quarter worth approximately $128,000. Harbor Capital Advisors Inc. increased its position in Stratasys by 28.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company's stock worth $157,000 after purchasing an additional 2,991 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Stratasys during the 1st quarter worth approximately $251,000. Inspire Investing LLC acquired a new position in Stratasys during the 1st quarter worth approximately $345,000. Finally, Brown Advisory Inc. acquired a new position in Stratasys during the 1st quarter worth approximately $369,000. 75.77% of the stock is owned by institutional investors.

Stratasys Stock Performance

Shares of NASDAQ SSYS opened at $12.35 on Wednesday. Stratasys, Ltd. has a 52-week low of $6.92 and a 52-week high of $12.88. The firm has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $10.57. The stock has a market cap of $1.05 billion, a P/E ratio of -9.22 and a beta of 1.59.

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

Wall Street Analyst Weigh In

SSYS has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Stratasys in a research report on Wednesday, October 8th. Finally, Needham & Company LLC decreased their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.33.

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.

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