Stratasys Ltd. (NASDAQ:SSYS) Position Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its position in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,028,580 shares of the technology company's stock after acquiring an additional 100,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 1.50% of Stratasys worth $14,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its position in shares of Stratasys by 2,633.3% in the 3rd quarter. CWM LLC now owns 3,280 shares of the technology company's stock worth $45,000 after purchasing an additional 3,160 shares in the last quarter. FMR LLC boosted its holdings in Stratasys by 12,707.1% in the third quarter. FMR LLC now owns 3,586 shares of the technology company's stock worth $49,000 after acquiring an additional 3,558 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company's stock worth $58,000 after acquiring an additional 2,332 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Stratasys by 560.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company's stock valued at $61,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Amundi raised its position in shares of Stratasys by 25.2% in the 4th quarter. Amundi now owns 6,921 shares of the technology company's stock valued at $95,000 after purchasing an additional 1,393 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Price Performance

NASDAQ:SSYS traded down $0.16 during mid-day trading on Wednesday, hitting $9.79. The company's stock had a trading volume of 479,431 shares, compared to its average volume of 397,579. The business's fifty day moving average is $11.95 and its two-hundred day moving average is $12.15. The stock has a market cap of $681.97 million, a price-to-earnings ratio of -5.47 and a beta of 1.29. Stratasys Ltd. has a 1 year low of $9.43 and a 1 year high of $21.72.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSYS shares. Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of Stratasys in a research note on Tuesday, December 26th. Cantor Fitzgerald assumed coverage on Stratasys in a research report on Tuesday, February 13th. They set an "overweight" rating and a $24.00 price target for the company. Finally, StockNews.com assumed coverage on Stratasys in a report on Thursday, April 11th. They issued a "buy" rating on the stock.

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.