Stratasys, Ltd. $SSYS Holdings Increased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Stratasys by 102.3% during the first quarter, now owning over 2.2 million shares valued at approximately $21.5 million.
• Stratasys reported a quarterly revenue of $138.09 million, slightly exceeding expectations, and earnings per share (EPS) of $0.03, matching the consensus estimate.
• Wall Street analysts have mixed ratings for Stratasys, with a consensus target price of $12.20 and four analysts rating it as a "Buy" while one has a "Hold" rating.

RPG Investment Advisory LLC increased its position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 102.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,197,828 shares of the technology company's stock after buying an additional 1,111,491 shares during the period. Stratasys comprises approximately 1.5% of RPG Investment Advisory LLC's holdings, making the stock its 29th biggest holding. RPG Investment Advisory LLC owned about 3.06% of Stratasys worth $21,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Formidable Asset Management LLC increased its stake in Stratasys by 4.1% during the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after buying an additional 965 shares during the period. Hsbc Holdings PLC increased its stake in Stratasys by 10.4% during the 4th 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. Point72 Asset Management L.P. increased its stake 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 buying an additional 3,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Stratasys by 1.9% during 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 buying an additional 3,797 shares during the period. Finally, Millennium Management LLC increased 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 buying an additional 7,066 shares during the period. Hedge funds and other institutional investors own 75.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Needham & Company LLC decreased their price objective on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded down $0.16 during midday trading on Monday, hitting $10.92. The company's stock had a trading volume of 959,579 shares, compared to its average volume of 602,837. Stratasys, Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88. The firm's fifty day moving average price is $10.92 and its 200-day moving average price is $10.47. The firm has a market cap of $927.37 million, a P/E ratio of -8.15 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, meeting 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 business had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. During the same period in the previous year, the business posted ($0.04) EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Stratasys has set its FY 2025 guidance at EPS. As a group, research analysts predict that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Stratasys Company 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.