Stratasys Ltd. (NASDAQ:SSYS) Stock Holdings Increased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in Stratasys Ltd. (NASDAQ:SSYS) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,117 shares of the technology company’s stock after buying an additional 10,570 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.11% of Stratasys worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSYS. Barclays PLC increased its holdings in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after buying an additional 1,525 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Stratasys by 0.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock valued at $12,445,000 after buying an additional 9,522 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Stratasys by 53.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock valued at $10,255,000 after buying an additional 400,000 shares during the last quarter. RPG Investment Advisory LLC increased its holdings in Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock valued at $9,658,000 after buying an additional 426,341 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in Stratasys by 8.7% in the fourth quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company’s stock valued at $6,254,000 after acquiring an additional 56,304 shares during the period. 75.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SSYS has been the subject of a number of research reports. Cantor Fitzgerald lifted their target price on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Needham & Company LLC lifted their target price on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and an average price target of $12.20.

Stratasys Trading Up 0.9%

Shares of NASDAQ SSYS opened at $11.06 on Friday. The stock has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.74. The company has a market cap of $793.18 million, a PE ratio of -8.38 and a beta of 1.50. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $12.88.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 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 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. Sell-side analysts forecast that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal 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.