SG Americas Securities LLC Takes $1.14 Million Position in Stratasys, Ltd. (NASDAQ:SSYS)

SG Americas Securities LLC bought a new position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to its most recent filing with the 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 0.16% of Stratasys at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Stratasys in the 4th quarter worth $68,000. Teton Advisors Inc. bought a new position in shares of Stratasys in the 4th quarter worth $89,000. SBI Securities Co. Ltd. bought a new position in shares of Stratasys in the 4th quarter worth $90,000. Harbor Capital Advisors Inc. bought a new position in shares of Stratasys in the 1st quarter worth $105,000. Finally, Hsbc Holdings PLC raised its position in shares of Stratasys by 10.4% in the 4th 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 in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Price Performance

Stratasys stock traded down $0.18 during midday trading on Friday, reaching $10.37. The company's stock had a trading volume of 901,991 shares, compared to its average volume of 560,297. The stock's 50-day simple moving average is $10.19 and its 200-day simple moving average is $10.07. Stratasys, Ltd. has a 52-week low of $6.05 and a 52-week high of $12.88. The stock has a market capitalization of $743.74 million, a P/E ratio of -6.91 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SSYS shares. Needham & Company LLC boosted their price target on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Cantor Fitzgerald boosted their price target on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Stratasys has an average rating of "Moderate Buy" and a consensus 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.