Jane Street Group LLC Buys 110,578 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Jane Street Group LLC raised its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 107.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,796 shares of the technology company's stock after purchasing an additional 110,578 shares during the quarter. Jane Street Group LLC owned 0.30% of Stratasys worth $1,901,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Stratasys during the fourth quarter valued at $68,000. Teton Advisors Inc. purchased a new position in Stratasys during the 4th quarter valued at about $89,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys in the 4th quarter valued at about $90,000. Hsbc Holdings PLC lifted its position 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 worth $148,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Cigogne Management SA purchased a new stake in shares of Stratasys in the fourth quarter worth approximately $272,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. StockNews.com upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Cantor Fitzgerald increased their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.20.

Stratasys Price Performance

SSYS traded down $0.53 during midday trading on Wednesday, hitting $10.59. 450,396 shares of the company's stock traded hands, compared to its average volume of 588,779. The company has a market cap of $759.47 million, a PE ratio of -8.02 and a beta of 1.50. The stock's fifty day simple moving average is $9.84 and its 200-day simple moving average is $9.84. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly 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. The business had revenue of $136.05 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) EPS. On average, research analysts expect that Stratasys Ltd. will post -0.4 EPS for the current year.

Stratasys Company 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.