Kopion Asset Management LLC Lowers Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Kopion Asset Management LLC cut its holdings in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 24.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 822,786 shares of the technology company's stock after selling 273,261 shares during the period. Stratasys accounts for approximately 6.3% of Kopion Asset Management LLC's portfolio, making the stock its 7th biggest holding. Kopion Asset Management LLC owned 1.15% of Stratasys worth $8,055,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SSYS. Headlands Technologies LLC acquired a new stake in Stratasys in the 4th quarter valued at approximately $68,000. Teton Advisors Inc. bought a new stake in shares of Stratasys in the fourth quarter valued at approximately $89,000. SBI Securities Co. Ltd. acquired a new stake in shares of Stratasys in the fourth quarter worth $90,000. Hsbc Holdings PLC increased its position in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after acquiring an additional 1,564 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Stratasys during the 4th quarter valued at $166,000. 75.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SSYS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Needham & Company LLC lifted 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. Finally, Cantor Fitzgerald upped their price target on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Price Performance

Shares of Stratasys stock traded up $0.22 during trading on Tuesday, hitting $10.42. 700,478 shares of the company's stock traded hands, compared to its average volume of 583,146. The company has a market cap of $747.28 million, a PE ratio of -7.89 and a beta of 1.50. The firm's fifty day moving average price is $9.87 and its 200 day moving average price is $9.97. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. During the same quarter last year, the company earned ($0.02) earnings per share. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current 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.