Squarepoint Ops LLC Purchases 91,510 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Squarepoint Ops LLC grew its stake in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 782.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,209 shares of the technology company's stock after acquiring an additional 91,510 shares during the period. Squarepoint Ops LLC owned 0.14% of Stratasys worth $918,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in shares of Stratasys in the fourth quarter worth about $261,000. Point72 Asset Management L.P. increased its holdings in Stratasys by 12.1% during the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock worth $252,000 after acquiring an additional 3,071 shares during the period. Millennium Management LLC lifted its stake in Stratasys by 8.4% in the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company's stock worth $806,000 after purchasing an additional 7,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Stratasys by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,249 shares of the technology company's stock worth $1,832,000 after purchasing an additional 3,797 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Stratasys in the 4th quarter valued at $166,000. 75.77% of the stock is owned by institutional investors.

Stratasys Price Performance

SSYS stock traded up $0.22 during midday trading on Tuesday, reaching $10.42. The company had a trading volume of 700,478 shares, compared to its average volume of 583,148. The firm has a 50-day moving average price of $9.87 and a 200-day moving average price of $9.97. The company has a market capitalization of $747.28 million, a P/E ratio of -7.89 and a beta of 1.50. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 16.13% and a negative return on equity of 3.75%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. On average, equities analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSYS shares. Cantor Fitzgerald upped their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Needham & Company LLC raised their price target on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

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.