Exchange Traded Concepts LLC Has $14.10 Million Stock Holdings in Stratasys, Ltd. (NASDAQ:SSYS)

Exchange Traded Concepts LLC lifted its holdings in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,440,033 shares of the technology company's stock after purchasing an additional 40,135 shares during the quarter. Exchange Traded Concepts LLC owned about 2.01% of Stratasys worth $14,098,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Formidable Asset Management LLC lifted its position in shares of Stratasys by 4.1% in the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after purchasing an additional 965 shares in the last quarter. Hsbc Holdings PLC grew its position in 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. Point72 Asset Management L.P. increased its stake in Stratasys by 12.1% in the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock valued at $252,000 after buying an additional 3,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Stratasys by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,249 shares of the technology company's stock valued at $1,832,000 after buying an additional 3,797 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in 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 buying an additional 5,541 shares in the last quarter. Institutional investors own 75.77% of the company's stock.

Stratasys Trading Down 1.4%

SSYS stock traded down $0.15 during mid-day trading on Wednesday, hitting $10.55. The stock had a trading volume of 327,580 shares, compared to its average volume of 565,212. The firm has a fifty day simple moving average of $10.10 and a 200 day simple moving average of $10.05. The firm has a market capitalization of $756.65 million, a P/E ratio of -7.03 and a beta of 1.52. Stratasys, Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The business had revenue of $136.05 million for the quarter, compared to analysts' expectations of $134.11 million. During the same period last year, the firm posted ($0.02) earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

SSYS has been the subject of a number of analyst reports. Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Cantor Fitzgerald increased their price target on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, 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 report on Thursday, March 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.20.

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.