SG Americas Securities LLC bought a new stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,710 shares of the technology company's stock, valued at approximately $1,143,000. SG Americas Securities LLC owned about 0.16% of Stratasys at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSYS. Northern Trust Corp lifted its position in shares of Stratasys by 26.0% in the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after purchasing an additional 9,168 shares during the period. BNP Paribas Financial Markets raised its stake in Stratasys by 46.6% during the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after buying an additional 60,407 shares during the last quarter. Hsbc Holdings PLC lifted its holdings 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 period. RPG Investment Advisory LLC boosted its position in Stratasys by 64.6% during the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock valued at $9,658,000 after acquiring an additional 426,341 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Stratasys by 8.4% during the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company's stock worth $806,000 after acquiring an additional 7,066 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.
Stratasys Stock Performance
SSYS stock opened at $10.70 on Wednesday. The stock's 50 day simple moving average is $10.10 and its 200 day simple moving average is $10.05. The company has a market cap of $767.40 million, a P/E ratio of -7.13 and a beta of 1.52. Stratasys, Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.
Stratasys (NASDAQ:SSYS - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $136.05 million for the quarter, compared to analyst estimates of $134.11 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. Stratasys's revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts predict that Stratasys, Ltd. will post -0.4 earnings per share for the current year.
Wall Street Analyst Weigh In
SSYS has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their price objective on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Needham & Company LLC increased their price target on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.20.
Get Our Latest Stock Report on Stratasys
About Stratasys
(
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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