Russell Investments Group Ltd. Buys Shares of 67,094 Stratasys, Ltd. $SSYS

Key Points

• Russell Investments Group Ltd. acquired 67,094 shares of Stratasys, Ltd. valued at approximately $657,000, representing about 0.09% of the company's total stock.
• Several large investors have also recently invested in Stratasys, with 75.77% of the stock owned by institutional investors.
• Stratasys reported an EPS of $0.03 for the last quarter, meeting consensus estimates, but it has a negative net margin of 17.42% and experienced a 5.2% drop in stock price.

Russell Investments Group Ltd. purchased a new stake in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 67,094 shares of the technology company's stock, valued at approximately $657,000. Russell Investments Group Ltd. owned 0.09% of Stratasys as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Phoenix Financial Ltd. boosted its stake in shares of Stratasys by 0.4% during the 1st quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock worth $35,381,000 after purchasing an additional 12,900 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock valued at $20,862,000 after buying an additional 977,403 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Stratasys by 2.9% during the first quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company's stock valued at $14,098,000 after buying an additional 40,135 shares during the last quarter. Royce & Associates LP grew its stake in shares of Stratasys by 236.6% during the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company's stock valued at $5,438,000 after buying an additional 390,420 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Stratasys in the first quarter worth approximately $4,097,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Needham & Company LLC decreased their target price on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.50.

Stratasys Stock Up 0.4%

SSYS stock traded up $0.04 during trading on Thursday, hitting $10.18. 598,487 shares of the company's stock traded hands, compared to its average volume of 1,292,952. The firm has a market capitalization of $866.22 million, a P/E ratio of -7.60 and a beta of 1.62. Stratasys, Ltd. has a 1 year low of $6.08 and a 1 year high of $12.88. The business has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $10.42.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $138.09 million for the quarter, compared to analysts' expectations of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Stratasys, Ltd. will post -0.4 EPS 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.