Janney Montgomery Scott LLC Purchases Shares of 50,851 Stratasys, Ltd. (NASDAQ:SSYS)

Janney Montgomery Scott LLC purchased a new position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,851 shares of the technology company's stock, valued at approximately $498,000. Janney Montgomery Scott LLC owned about 0.07% of Stratasys at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SSYS. SBI Securities Co. Ltd. purchased a new stake in shares of Stratasys during the 4th quarter worth about $90,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stratasys by 401.5% in the fourth 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. Royce & Associates LP acquired a new position in Stratasys in the fourth quarter worth approximately $1,467,000. Virtu Financial LLC acquired a new stake in Stratasys in the fourth quarter valued at approximately $379,000. Finally, Headlands Technologies LLC acquired a new stake in Stratasys in the fourth quarter valued at approximately $68,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Stratasys has an average rating of "Moderate Buy" and an average price target of $12.20.

Stratasys Trading Up 1.3%

NASDAQ:SSYS traded up $0.15 during trading hours on Friday, hitting $11.75. 289,668 shares of the company traded hands, compared to its average volume of 557,559. Stratasys, Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The firm has a 50-day moving average of $10.60 and a 200 day moving average of $10.15. The stock has a market capitalization 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 announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Equities research analysts predict that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal 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.