604,722 Shares in Stratasys Ltd. (NASDAQ:SSYS) Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC bought a new stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 604,722 shares of the technology company's stock, valued at approximately $5,376,000. Penn Capital Management Company LLC owned about 0.85% of Stratasys as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after purchasing an additional 4,600 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Stratasys by 42.2% during the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock worth $560,000 after acquiring an additional 20,012 shares in the last quarter. Barclays PLC lifted its holdings in shares of Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company's stock worth $669,000 after acquiring an additional 1,525 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Stratasys by 17.4% in the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company's stock valued at $858,000 after purchasing an additional 15,318 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its position in Stratasys by 64.6% in the 4th 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. Hedge funds and other institutional investors own 75.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SSYS shares. Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. StockNews.com downgraded Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Price Performance

Stratasys stock traded down $0.05 during mid-day trading on Tuesday, reaching $9.61. 240,113 shares of the company traded hands, compared to its average volume of 581,738. The firm's 50 day moving average price is $9.82 and its 200 day moving average price is $9.51. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $12.88. The firm has a market capitalization of $689.41 million, a price-to-earnings ratio of -7.28 and a beta of 1.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $150.40 million for the quarter, compared to analysts' expectations of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business's revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. On average, sell-side analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current 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.