Invenomic Capital Management LP lifted its position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 111.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,466,198 shares of the technology company's stock after purchasing an additional 1,302,264 shares during the quarter. Stratasys accounts for approximately 1.2% of Invenomic Capital Management LP's portfolio, making the stock its 19th largest holding. Invenomic Capital Management LP owned 3.44% of Stratasys worth $24,144,000 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. Formidable Asset Management LLC grew its position in shares of Stratasys by 4.1% in the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after acquiring an additional 965 shares in the last quarter. Hsbc Holdings PLC raised its position in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares during the last quarter. Point72 Asset Management L.P. raised its position in Stratasys by 12.1% in the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock valued at $252,000 after purchasing an additional 3,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $1,832,000 after purchasing an additional 3,797 shares during the last quarter. Finally, Millennium Management LLC boosted its stake 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 last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.
Stratasys Stock Performance
Shares of NASDAQ:SSYS traded up $0.06 during midday trading on Monday, hitting $10.30. 548,275 shares of the stock were exchanged, compared to its average volume of 1,319,810. Stratasys, Ltd. has a 12 month low of $6.10 and a 12 month high of $12.88. The business's 50-day moving average price is $10.86 and its 200 day moving average price is $10.39. The stock has a market capitalization of $876.43 million, a price-to-earnings ratio of -7.69 and a beta of 1.62.
Stratasys (NASDAQ:SSYS - Get Free Report) last posted 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. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The company had revenue of $138.09 million for the quarter, compared to analysts' expectations of $137.15 million. During the same period in the prior year, the business earned ($0.04) earnings per share. Stratasys's revenue for the quarter was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Needham & Company LLC reduced their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stratasys presently has a consensus rating of "Buy" and an average price target of $14.33.
Read Our Latest Research Report on SSYS
Stratasys Profile
(
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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