Kopion Asset Management LLC reduced its holdings in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 822,786 shares of the technology company's stock after selling 273,261 shares during the quarter. Stratasys accounts for about 6.3% of Kopion Asset Management LLC's investment portfolio, making the stock its 7th largest position. Kopion Asset Management LLC owned 1.15% of Stratasys worth $8,055,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Penn Capital Management Company LLC bought a new position in shares of Stratasys in the fourth quarter worth approximately $5,376,000. RPG Investment Advisory LLC raised its position in shares of Stratasys by 64.6% during the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock valued at $9,658,000 after buying an additional 426,341 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Stratasys by 53.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after acquiring an additional 400,000 shares during the last quarter. Formula Growth Ltd. grew its position in Stratasys by 58.3% in the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock worth $6,756,000 after acquiring an additional 280,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake 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 valued at $3,023,000 after acquiring an additional 272,198 shares during the last quarter. Institutional investors own 75.77% of the company's stock.
Stratasys Trading Up 0.3%
Shares of NASDAQ:SSYS traded up $0.03 during trading on Wednesday, reaching $10.45. 97,193 shares of the company traded hands, compared to its average volume of 555,944. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $12.88. The firm has a market capitalization of $749.43 million, a price-to-earnings ratio of -7.92 and a beta of 1.50. The business's fifty day moving average is $9.88 and its 200-day moving average is $9.98.
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, beating the consensus estimate of $0.03 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on SSYS shares. Needham & Company LLC boosted their target price on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cantor Fitzgerald boosted their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen raised shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.20.
Read Our Latest Stock Report on SSYS
Stratasys Company Profile
(
Free Report)
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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