Invenomic Capital Management LP Decreases Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Invenomic Capital Management LP lowered its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,163,934 shares of the technology company's stock after selling 149,636 shares during the quarter. Invenomic Capital Management LP owned about 1.63% of Stratasys worth $10,347,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Stratasys in the 4th quarter valued at about $68,000. Teton Advisors Inc. bought a new stake in Stratasys during the 4th quarter valued at about $89,000. SBI Securities Co. Ltd. bought a new stake in shares of Stratasys during the fourth quarter valued at approximately $90,000. Hsbc Holdings PLC lifted its holdings in shares of Stratasys by 10.4% in 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. Finally, Graham Capital Management L.P. bought a new position in Stratasys during the 4th quarter worth about $166,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSYS has been the topic of a number of analyst reports. StockNews.com upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday. Cantor Fitzgerald raised their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC upped their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Stratasys Trading Up 0.9%

SSYS traded up $0.10 during midday trading on Friday, hitting $11.16. 466,733 shares of the company were exchanged, compared to its average volume of 589,429. The firm has a market capitalization of $800.35 million, a price-to-earnings ratio of -8.45 and a beta of 1.50. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88. The company's 50 day simple moving average is $9.75 and its 200 day simple moving average is $9.74.

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