Stratasys, Ltd. $SSYS Shares Purchased by Kopion Asset Management LLC

Kopion Asset Management LLC raised its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 11.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,052,341 shares of the technology company’s stock after acquiring an additional 104,371 shares during the quarter. Stratasys makes up 5.8% of Kopion Asset Management LLC’s portfolio, making the stock its 8th largest holding. Kopion Asset Management LLC owned about 1.22% of Stratasys worth $8,745,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rubric Capital Management LP grew its holdings in shares of Stratasys by 9.0% in the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock worth $62,480,000 after purchasing an additional 659,974 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Stratasys in the first quarter valued at about $11,107,000. TSP Capital Management Group LLC grew its stake in Stratasys by 2.1% during the first quarter. TSP Capital Management Group LLC now owns 1,110,850 shares of the technology company’s stock worth $8,676,000 after buying an additional 22,700 shares during the last quarter. State of Michigan Retirement System bought a new stake in Stratasys during the first quarter worth about $3,905,000. Finally, Tidal Investments LLC increased its holdings in shares of Stratasys by 116.7% during the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after buying an additional 69,115 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Stock Down 1.2%

SSYS stock traded down $0.10 during trading on Friday, hitting $7.96. The company had a trading volume of 129,856 shares, compared to its average volume of 878,898. The firm has a 50-day moving average price of $8.19 and a 200-day moving average price of $8.42. Stratasys, Ltd. has a 12 month low of $7.34 and a 12 month high of $12.81. The stock has a market cap of $685.48 million, a price-to-earnings ratio of -5.94 and a beta of 1.99.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. The firm had revenue of $137.61 million for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. Equities analysts expect that Stratasys, Ltd. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Zacks Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and an average target price of $12.33.

About Stratasys

Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.