BNP Paribas Financial Markets Grows Stock Position in Stratasys Ltd. (NASDAQ:SSYS)

BNP Paribas Financial Markets raised its position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 46.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 190,135 shares of the technology company's stock after buying an additional 60,407 shares during the quarter. BNP Paribas Financial Markets owned about 0.27% of Stratasys worth $1,690,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC increased 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 buying an additional 1,564 shares during the period. Legal & General Group Plc boosted its position in shares of Stratasys by 0.6% during the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock worth $8,369,000 after purchasing an additional 5,541 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Stratasys during the 4th quarter worth $68,000. Northern Trust Corp boosted its position in shares of Stratasys by 26.0% during the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after purchasing an additional 9,168 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Stratasys by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after purchasing an additional 9,522 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Stock Down 1.3%

Shares of Stratasys stock traded down $0.14 on Friday, hitting $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 52-week low of $6.05 and a 52-week high of $12.88. The firm has a fifty day moving average price of $9.86 and a 200-day moving average price of $9.88. The company has a market capitalization of $740.11 million, a P/E ratio of -7.82 and a beta of 1.50.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data 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 net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $136.05 million for the quarter, compared to analyst estimates of $134.11 million. During the same period in the previous year, the firm earned ($0.02) EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Cantor Fitzgerald boosted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC boosted their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat.com, Stratasys 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.