Stratasys Ltd. (NASDAQ:SSYS) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,832 shares of the technology company's stock after buying an additional 172,218 shares during the period. Renaissance Technologies LLC owned 0.79% of Stratasys worth $5,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SSYS. Stifel Financial Corp boosted its stake in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after acquiring an additional 4,600 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock valued at $560,000 after purchasing an additional 20,012 shares during the period. Barclays PLC grew its stake in Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company's stock worth $669,000 after buying an additional 1,525 shares during the last quarter. Jane Street Group LLC increased its position in Stratasys by 17.4% during the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company's stock worth $858,000 after buying an additional 15,318 shares during the period. Finally, RPG Investment Advisory LLC grew its position in shares of 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 acquiring an additional 426,341 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Stratasys Trading Up 0.4 %

Shares of NASDAQ:SSYS traded up $0.04 during midday trading on Friday, hitting $9.46. The stock had a trading volume of 81,994 shares, compared to its average volume of 582,255. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88. The stock has a 50 day moving average price of $9.91 and a two-hundred day moving average price of $9.45. The company has a market capitalization of $678.07 million, a PE ratio of -7.16 and a beta of 1.44.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 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 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, equities analysts expect 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.