Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,210,000 shares, a decrease of 20.9% from the March 31st total of 1,530,000 shares. Based on an average trading volume of 386,600 shares, the short-interest ratio is presently 3.1 days. Approximately 2.1% of the company's shares are short sold.

Hedge Funds Weigh In On Stratasys

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in Stratasys by 2,633.3% in the third quarter. CWM LLC now owns 3,280 shares of the technology company's stock valued at $45,000 after acquiring an additional 3,160 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Stratasys by 42.3% in the third quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company's stock valued at $14,474,000 after acquiring an additional 315,868 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Stratasys by 165.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 39,074 shares of the technology company's stock valued at $532,000 after acquiring an additional 24,371 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stratasys by 24.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company's stock valued at $12,638,000 after acquiring an additional 185,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Stratasys by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,773 shares of the technology company's stock valued at $2,106,000 after acquiring an additional 8,931 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Stratasys in a research note on Saturday. They issued a "buy" rating on the stock. Cantor Fitzgerald assumed coverage on shares of Stratasys in a research note on Tuesday, February 13th. They issued an "overweight" rating and a $24.00 target price on the stock.

Stratasys Stock Up 2.7 %

Shares of NASDAQ SSYS traded up $0.26 during midday trading on Friday, reaching $10.02. 466,595 shares of the company's stock traded hands, compared to its average volume of 457,819. The stock's 50 day simple moving average is $11.43 and its 200-day simple moving average is $12.01. Stratasys has a one year low of $9.43 and a one year high of $21.72. The company has a market cap of $697.95 million, a price-to-earnings ratio of -5.60 and a beta of 1.29.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm had revenue of $156.34 million for the quarter, compared to the consensus estimate of $153.96 million. During the same period last year, the firm earned ($0.03) earnings per share. The company's quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts predict that Stratasys will post -0.29 EPS for the current fiscal year.

About Stratasys

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.