Rubric Capital Management LP Has $50.08 Million Stake in Stratasys Ltd. (NASDAQ:SSYS)

Rubric Capital Management LP raised its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,968,703 shares of the technology company’s stock after acquiring an additional 918,703 shares during the quarter. Rubric Capital Management LP owned about 8.57% of Stratasys worth $50,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Stratasys in the 1st quarter valued at about $61,000. Larson Financial Group LLC boosted its holdings in Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after buying an additional 9,218 shares during the period. Values First Advisors Inc. boosted its holdings in Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after purchasing an additional 11,254 shares during the period. Olympiad Research LP bought a new position in Stratasys in the 4th quarter valued at $486,000. Finally, Gamco Investors INC. ET AL boosted its holdings in Stratasys by 4.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock valued at $565,000 after purchasing an additional 1,850 shares during the period. Institutional investors own 75.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating for the company. Cantor Fitzgerald dropped their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Loop Capital dropped their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Needham & Company LLC dropped their price objective on shares of Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Lake Street Capital decreased their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.80.

Stratasys Trading Up 1.3 %

SSYS stock opened at $7.58 on Friday. The firm’s 50-day moving average price is $7.72 and its two-hundred day moving average price is $9.12. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $14.93. The stock has a market capitalization of $528.02 million, a price-to-earnings ratio of -4.14 and a beta of 1.18.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The company had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $146.38 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Stratasys’s quarterly revenue was down 13.6% on a year-over-year basis. Equities analysts predict that Stratasys Ltd. will post -0.44 EPS for the current 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.