Stratasys, Ltd. $SSYS Shares Sold by Clearline Capital LP

Key Points

• Clearline Capital LP has reduced its stake in Stratasys, Ltd. by 5.3%, selling 66,768 shares and now owning 1,181,552 shares valued at $11,567,000.
• Stratasys reported $0.03 earnings per share for the last quarter, meeting the consensus estimate, with revenue rising by 0.1% year-over-year to $138.09 million.
• Analysts are mixed on the stock, with Needham & Company lowering its price target from $15.00 to $13.00 while maintaining a "buy" rating, and Wall Street Zen downgrading it from "buy" to "hold."

Clearline Capital LP cut its position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,181,552 shares of the technology company's stock after selling 66,768 shares during the quarter. Clearline Capital LP owned approximately 1.65% of Stratasys worth $11,567,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SSYS. Hsbc Holdings PLC boosted its position in shares of 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. Northern Trust Corp boosted its position in shares of Stratasys by 26.0% in the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after purchasing an additional 9,168 shares during the period. Jane Street Group LLC boosted its position in shares of Stratasys by 107.1% in the 4th quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock valued at $1,901,000 after purchasing an additional 110,578 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Stratasys by 46.6% in the 4th quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock valued at $1,690,000 after purchasing an additional 60,407 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Stratasys in the 4th quarter valued at about $247,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Stratasys Stock Performance

Stratasys stock traded down $0.04 during mid-day trading on Friday, reaching $9.81. 628,258 shares of the company were exchanged, compared to its average volume of 1,185,719. Stratasys, Ltd. has a twelve month low of $6.92 and a twelve month high of $12.88. The firm's 50-day simple moving average is $10.73 and its two-hundred day simple moving average is $10.37. The firm has a market cap of $834.73 million, a PE ratio of -7.32 and a beta of 1.62.

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

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.