D. E. Shaw & Co. Inc. Has $2.11 Million Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

D. E. Shaw & Co. Inc. lifted 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 Securities and Exchange Commission. 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 0.33% of Stratasys worth $2,111,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Stratasys in the fourth quarter valued at $68,000. Teton Advisors Inc. acquired a new position in shares of Stratasys in the fourth quarter valued at $89,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys in the fourth quarter valued at $90,000. Hsbc Holdings PLC raised its stake in shares of Stratasys by 10.4% in the fourth 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 in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Stratasys in the fourth quarter valued at $217,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on SSYS shares. Cantor Fitzgerald increased their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Needham & Company LLC increased their price objective on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.20.

Stratasys Stock Down 1.3%

Stratasys stock traded down $0.14 during mid-day trading on Friday, hitting $10.32. 323,247 shares of the company were exchanged, compared to its average volume of 588,726. The business has a fifty day moving average of $9.86 and a 200 day moving average of $9.87. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88. The company has a market capitalization of $740.11 million, a PE ratio of -7.82 and a beta of 1.50.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share 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 analyst estimates of $134.11 million. During the same period last year, the company posted ($0.02) earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

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.