Invenomic Capital Management LP Sells 149,636 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Invenomic Capital Management LP decreased its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 11.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,163,934 shares of the technology company’s stock after selling 149,636 shares during the period. Invenomic Capital Management LP’s holdings in Stratasys were worth $10,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SSYS. Headlands Technologies LLC acquired a new position in Stratasys during the 4th quarter worth approximately $68,000. Teton Advisors Inc. acquired a new stake in shares of Stratasys during the fourth quarter valued at about $89,000. SBI Securities Co. Ltd. bought a new stake in shares of Stratasys during the fourth quarter worth about $90,000. Hsbc Holdings PLC increased its stake in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after buying an additional 1,564 shares during the period. Finally, Graham Capital Management L.P. bought a new position in Stratasys in the 4th quarter valued at approximately $166,000. Institutional investors own 75.77% of the company’s stock.

Stratasys Price Performance

Shares of NASDAQ:SSYS opened at $11.03 on Friday. The business’s 50-day moving average is $9.66 and its 200-day moving average is $9.65. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $12.88. The company has a market capitalization of $791.03 million, a price-to-earnings ratio of -8.36 and a beta of 1.50.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. Stratasys’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. Analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Needham & Company LLC upped their price target on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald raised their price objective on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.20.

Stratasys Company 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.