Invenomic Capital Management LP Has $10.35 Million Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Invenomic Capital Management LP trimmed its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure 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 approximately 1.63% of Stratasys worth $10,347,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in Stratasys by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock valued at $10,255,000 after purchasing an additional 400,000 shares during the last quarter. RPG Investment Advisory LLC grew its holdings in 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 purchasing an additional 426,341 shares during the period. Legal & General Group Plc increased its position in Stratasys by 0.6% during the fourth quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock worth $8,369,000 after buying an additional 5,541 shares during the last quarter. Finally, Formula Growth Ltd. raised its stake in Stratasys by 58.3% in the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company's stock valued at $6,756,000 after buying an additional 280,000 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Cantor Fitzgerald boosted their target price on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. StockNews.com cut shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Stock Performance

NASDAQ:SSYS opened at $11.03 on Friday. The firm has a market cap of $791.03 million, a price-to-earnings ratio of -8.36 and a beta of 1.50. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The firm's 50-day simple moving average is $9.66 and its 200 day simple moving average is $9.65.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. Sell-side 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.

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