D. E. Shaw & Co. Inc. Boosts Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

D. E. Shaw & Co. Inc. boosted its position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 278.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 237,415 shares of the technology company's stock after purchasing an additional 174,704 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.33% of Stratasys worth $2,111,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hsbc Holdings PLC grew 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 worth $148,000 after buying an additional 1,564 shares during the last quarter. Legal & General Group Plc lifted its holdings 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 valued at $8,369,000 after purchasing an additional 5,541 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Stratasys in the 4th quarter worth $68,000. Northern Trust Corp grew its stake in 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 buying an additional 9,168 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in 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 buying an additional 9,522 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 1.3%

Shares of NASDAQ:SSYS traded down $0.14 during trading on Monday, hitting $10.32. The stock had a trading volume of 323,247 shares, compared to its average volume of 589,655. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $12.88. The stock has a market capitalization of $740.11 million, a price-to-earnings ratio of -7.82 and a beta of 1.50. The stock has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $9.93.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. Stratasys's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) EPS. As a group, sell-side analysts forecast that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald boosted their price target on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wall Street Zen raised shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Needham & Company LLC upped their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Stratasys currently has an average rating of "Moderate Buy" and an average price target of $12.20.

Stratasys 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.