Royce & Associates LP Has $5.44 Million Stake in Stratasys, Ltd. (NASDAQ:SSYS)

Key Points

• Royce & Associates LP significantly increased its stake in Stratasys by 236.6%, acquiring 390,420 shares to hold a total of 555,420 shares, valued at $5.4 million.
• Wall Street analysts upgraded Stratasys from a "hold" to a "buy" rating, with a consensus target price of $12.20.
• Stratasys reported a 5.6% decline in quarterly revenue year-over-year, with earnings of $0.04 per share, exceeding the consensus estimate of $0.03.

Royce & Associates LP increased its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 236.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 555,420 shares of the technology company's stock after purchasing an additional 390,420 shares during the period. Royce & Associates LP owned approximately 0.77% of Stratasys worth $5,438,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Stratasys in the 4th quarter valued at approximately $68,000. Teton Advisors Inc. acquired a new position in shares of Stratasys in the 4th quarter worth approximately $89,000. Harbor Capital Advisors Inc. acquired a new position in shares of Stratasys in the 1st quarter worth approximately $105,000. Hsbc Holdings PLC increased its holdings in Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in Stratasys during the 4th quarter valued at $166,000. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Trading Down 0.4%

Shares of NASDAQ:SSYS traded down $0.05 during midday trading on Wednesday, hitting $10.81. The company had a trading volume of 77,319 shares, compared to its average volume of 525,674. Stratasys, Ltd. has a 12 month low of $6.05 and a 12 month high of $12.88. The stock has a market cap of $917.56 million, a price-to-earnings ratio of -7.21 and a beta of 1.53. The firm has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.40.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The business had revenue of $136.05 million for the quarter, compared to analyst estimates of $134.11 million. During the same period last year, the company earned ($0.02) EPS. The firm's revenue was down 5.6% on a year-over-year basis. Equities analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Stratasys presently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

About Stratasys

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.