XTX Topco Ltd purchased a new stake in Stratasys Ltd. (NASDAQ:SSYS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 37,241 shares of the technology company's stock, valued at approximately $331,000. XTX Topco Ltd owned about 0.05% of Stratasys as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of SSYS. Stifel Financial Corp grew its holdings in 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 buying an additional 4,600 shares in the last quarter. State Street Corp lifted its holdings in shares of Stratasys by 1.4% in the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company's stock valued at $877,000 after acquiring an additional 1,500 shares during the last quarter. Jane Street Group LLC grew its position in Stratasys by 17.4% in the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company's stock worth $858,000 after acquiring an additional 15,318 shares in the last quarter. Barclays PLC increased its stake in Stratasys by 1.9% during the third 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. Finally, Geode Capital Management LLC raised its position in Stratasys by 42.2% during the third 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. Hedge funds and other institutional investors own 75.77% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald boosted their target price on 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 research note on Wednesday, February 26th. Finally, Needham & Company LLC raised their price objective 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.20.
Get Our Latest Research Report on Stratasys
Stratasys Stock Down 0.6 %
NASDAQ:SSYS traded down $0.06 during midday trading on Tuesday, hitting $9.61. The stock had a trading volume of 159,119 shares, compared to its average volume of 581,439. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The company has a market capitalization of $688.83 million, a price-to-earnings ratio of -7.27 and a beta of 1.44. The stock has a 50-day moving average of $9.82 and a 200 day moving average of $9.51.
Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million during the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, sell-side analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.
Stratasys Profile
(
Free Report)
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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