Janney Montgomery Scott LLC Invests $498,000 in Stratasys, Ltd. (NASDAQ:SSYS)

Janney Montgomery Scott LLC acquired a new stake in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Stratasys during the fourth quarter valued at approximately $90,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stratasys by 401.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company's stock valued at $3,023,000 after purchasing an additional 272,198 shares during the period. Royce & Associates LP bought a new position in Stratasys in the 4th quarter worth about $1,467,000. Virtu Financial LLC bought a new position in Stratasys in the fourth quarter worth approximately $379,000. Finally, Headlands Technologies LLC purchased a new position in shares of Stratasys during the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Price Performance

Stratasys stock traded up $0.15 during trading hours on Friday, reaching $11.75. The stock had a trading volume of 289,668 shares, compared to its average volume of 556,524. The company has a market cap of $842.71 million, a price-to-earnings ratio of -7.83 and a beta of 1.53. The business's 50 day moving average price is $10.60 and its 200-day moving average price is $10.15. 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 posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping 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 firm had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Stratasys's revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SSYS has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Wall Street Zen raised shares of Stratasys from a "hold" rating to a "buy" rating in a research note 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. According to data from MarketBeat.com, Stratasys 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.