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. acquired a new position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 67,094 shares of the technology company's stock, valued at approximately $657,000. Russell Investments Group Ltd. owned 0.09% of Stratasys at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Stratasys in the first quarter worth about $105,000. Hsbc Holdings PLC raised its stake in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after buying an additional 1,564 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Stratasys in the fourth quarter valued at about $166,000. Bayesian Capital Management LP purchased a new stake in Stratasys in the fourth quarter valued at about $217,000. Finally, Formidable Asset Management LLC raised its stake in Stratasys by 4.1% in the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock valued at $218,000 after buying an additional 965 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SSYS. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Needham & Company LLC dropped their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Three research 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 company currently has an average rating of "Moderate Buy" and an average target price of $12.50.

Stratasys Trading Down 2.6%

Stratasys stock traded down $0.28 during mid-day trading on Tuesday, hitting $10.37. The company's stock had a trading volume of 760,472 shares, compared to its average volume of 615,282. The firm has a market capitalization of $882.38 million, a PE ratio of -7.74 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 stock's fifty day moving average is $10.95 and its two-hundred day moving average is $10.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. On average, equities analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Stratasys Company 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.