Harel Insurance Investments & Financial Services Ltd. Acquires Shares of 193,277 Stratasys, Ltd. (NASDAQ:SSYS)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 193,277 shares of the technology company's stock, valued at approximately $1,892,000. Harel Insurance Investments & Financial Services Ltd. owned about 0.27% of Stratasys as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SSYS. Penn Capital Management Company LLC acquired a new position in Stratasys in the 4th quarter valued at $5,376,000. Formula Growth Ltd. increased its holdings in shares of Stratasys by 58.3% during the 4th quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock worth $6,756,000 after buying an additional 280,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Stratasys by 401.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company's stock worth $3,023,000 after buying an additional 272,198 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Stratasys during the 4th quarter worth $2,165,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Stratasys by 278.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 237,415 shares of the technology company's stock worth $2,111,000 after buying an additional 174,704 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Stock Performance

Stratasys stock traded down $0.16 during trading on Tuesday, reaching $11.58. 299,807 shares of the company's stock were exchanged, compared to its average volume of 556,420. The company's 50-day moving average is $10.68 and its two-hundred day moving average is $10.18. Stratasys, Ltd. has a 52-week low of $6.05 and a 52-week high of $12.88. The firm has a market cap of $830.52 million, a price-to-earnings ratio of -7.72 and a beta of 1.53.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, topping 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 firm had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. During the same period in the prior year, the company earned ($0.02) EPS. The firm's revenue was down 5.6% on a year-over-year basis. Analysts anticipate that Stratasys, Ltd. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. 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 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.