Two Sigma Investments LP Purchases New Shares in Stratasys Ltd. (NASDAQ:SSYS)

Two Sigma Investments LP acquired a new stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,325 shares of the technology company's stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Penn Capital Management Company LLC acquired a new stake in shares of Stratasys during the fourth quarter worth $5,376,000. RPG Investment Advisory LLC increased its position in shares of 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. Formula Growth Ltd. increased its position in shares of Stratasys by 58.3% during the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock worth $6,756,000 after buying an additional 280,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stratasys by 401.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company's stock worth $3,023,000 after purchasing an additional 272,198 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in Stratasys in the fourth quarter worth $2,165,000. Institutional investors own 75.77% of the company's stock.

Stratasys Price Performance

Shares of NASDAQ SSYS traded down $0.19 during mid-day trading on Friday, reaching $10.20. 378,395 shares of the company's stock traded hands, compared to its average volume of 569,486. The stock has a market cap of $731.50 million, a P/E ratio of -7.73 and a beta of 1.52. The business has a 50-day simple moving average of $10.03 and a 200 day simple moving average of $10.04. 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 issued its quarterly earnings data 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 firm had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business's revenue was down 5.6% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. Equities research analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SSYS. Needham & Company LLC raised their price target on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Cantor Fitzgerald raised 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. Finally, Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.