Stratasys Ltd. (NASDAQ:SSYS) Stake Lessened by Tejara Capital Ltd

Tejara Capital Ltd lowered its holdings in Stratasys Ltd. (NASDAQ:SSYS) by 50.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,166 shares of the technology company’s stock after selling 237,050 shares during the period. Stratasys makes up 1.3% of Tejara Capital Ltd’s portfolio, making the stock its 23rd biggest position. Tejara Capital Ltd owned about 0.33% of Stratasys worth $2,100,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Royce & Associates LP purchased a new stake in shares of Stratasys in the fourth quarter valued at $1,467,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Stratasys by 401.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock worth $3,023,000 after acquiring an additional 272,198 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys in the fourth quarter worth $90,000. ARK Investment Management LLC increased its stake in shares of Stratasys by 8.7% in the fourth quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company’s stock worth $6,254,000 after acquiring an additional 56,304 shares during the last quarter. Finally, RPG Investment Advisory LLC increased its stake in shares of Stratasys by 64.6% in 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. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Price Performance

NASDAQ SSYS opened at $10.23 on Tuesday. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The stock’s 50-day moving average is $10.35 and its two-hundred day moving average is $9.02. The firm has a market cap of $733.65 million, a P/E ratio of -7.75 and a beta of 1.28.

Stratasys (NASDAQ:SSYS) last posted its earnings results 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. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts expect that Stratasys Ltd. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSYS. StockNews.com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Needham & Company LLC upped their price target 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. Finally, Cantor Fitzgerald upped their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.