Harel Insurance Investments & Financial Services Ltd. Makes New Investment in Stratasys, Ltd. (NASDAQ:SSYS)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SSYS. Northern Trust Corp lifted its position 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of Stratasys in the first quarter worth about $1,143,000. BNP Paribas Financial Markets lifted its position in shares of Stratasys by 46.6% during the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after purchasing an additional 60,407 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Stratasys by 10.4% during 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 during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Stratasys during the fourth quarter valued at approximately $261,000. Institutional investors own 75.77% of the company's stock.

Stratasys Price Performance

SSYS opened at $11.75 on Friday. The firm has a 50 day simple moving average of $10.60 and a 200 day simple moving average of $10.15. Stratasys, Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The company has a market cap of $842.71 million, a price-to-earnings ratio of -7.83 and a beta of 1.53.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate 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 company had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Stratasys has an average rating of "Moderate Buy" and an average 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.

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