Stratasys Ltd. (NASDAQ:SSYS) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its stake in Stratasys Ltd. (NASDAQ:SSYS) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,218 shares of the technology company’s stock after purchasing an additional 15,318 shares during the period. Jane Street Group LLC owned 0.14% of Stratasys worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of Stratasys during the third quarter valued at $90,000. Stifel Financial Corp grew its stake in Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Stratasys in the third quarter valued at about $210,000. Verition Fund Management LLC purchased a new position in shares of Stratasys in the third quarter worth about $322,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after purchasing an additional 56,699 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Up 0.1 %

SSYS opened at $8.89 on Thursday. The firm has a market cap of $634.55 million, a P/E ratio of -6.73 and a beta of 1.31. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $14.33. The business has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $8.26.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for 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%. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Sell-side analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

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

Stratasys Company 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.