Squarepoint Ops LLC Has $918,000 Position in Stratasys Ltd. (NASDAQ:SSYS)

Squarepoint Ops LLC increased its position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 782.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,209 shares of the technology company's stock after buying an additional 91,510 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Stratasys worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSYS. Northern Trust Corp raised its position in Stratasys by 26.0% in the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after purchasing an additional 9,168 shares in the last quarter. Hsbc Holdings PLC increased its position in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after buying an additional 1,564 shares during the period. BNP Paribas Financial Markets increased its position 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 period. RPG Investment Advisory LLC increased 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 worth $9,658,000 after buying an additional 426,341 shares during the period. Finally, Jane Street Group LLC boosted its stake in Stratasys by 107.1% during the 4th quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock worth $1,901,000 after purchasing an additional 110,578 shares during the period. Hedge funds and other institutional investors own 75.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SSYS. Cantor Fitzgerald lifted their target price 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 raised Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Needham & Company LLC boosted 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Price Performance

SSYS stock traded up $0.06 on Thursday, reaching $10.43. The company's stock had a trading volume of 278,595 shares, compared to its average volume of 578,681. The firm has a fifty day moving average of $9.88 and a two-hundred day moving average of $9.98. The company has a market capitalization of $748.00 million, a P/E ratio of -7.90 and a beta of 1.50. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. As a group, equities analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

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.