Barclays PLC Increases Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Barclays PLC grew its stake in Stratasys Ltd. (NASDAQ:SSYS) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,454 shares of the technology company’s stock after acquiring an additional 1,525 shares during the quarter. Barclays PLC owned 0.11% of Stratasys worth $669,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Stratasys in the 3rd quarter worth about $90,000. Stifel Financial Corp lifted its stake in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after buying an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Stratasys during the third quarter valued at approximately $210,000. Verition Fund Management LLC bought a new stake in shares of Stratasys during the third quarter valued at approximately $322,000. Finally, Geode Capital Management LLC raised its holdings in Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after acquiring an additional 20,012 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Trading Up 3.0 %

Shares of SSYS opened at $9.02 on Friday. The firm has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $8.32. The firm has a market cap of $643.83 million, a PE ratio of -6.83 and a beta of 1.31. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $14.22.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Stratasys’s revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, research analysts forecast that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SSYS shares. Needham & Company LLC increased their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.40.

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.