Stifel Financial Corp Purchases 4,600 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Stifel Financial Corp boosted its position in Stratasys Ltd. (NASDAQ:SSYS) by 24.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,206 shares of the technology company’s stock after acquiring an additional 4,600 shares during the period. Stifel Financial Corp’s holdings in Stratasys were worth $193,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its position in shares of Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after purchasing an additional 3,791 shares during the period. ARK Investment Management LLC grew its stake in Stratasys by 0.7% in the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after buying an additional 4,589 shares in the last quarter. Trium Capital LLP raised its holdings in Stratasys by 5.6% during the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 8,052 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Stratasys during the third quarter worth $90,000. Finally, Gabelli Funds LLC boosted its holdings in shares of Stratasys by 9.0% in the second quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock worth $1,620,000 after acquiring an additional 16,000 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SSYS. Loop Capital decreased their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Needham & Company LLC increased their price target on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Craig Hallum boosted their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Down 3.0 %

NASDAQ:SSYS opened at $8.88 on Tuesday. The stock has a market cap of $633.84 million, a P/E ratio of -6.73 and a beta of 1.31. The business’s 50-day moving average price is $8.97 and its two-hundred day moving average price is $8.25. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.33.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The business had revenue of $140.00 million during the quarter, compared to analyst estimates of $139.49 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 13.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, equities research analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Stratasys 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.