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

Barclays PLC lifted its stake in Stratasys Ltd. (NASDAQ:SSYS) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,454 shares of the technology company’s stock after purchasing an additional 1,525 shares during the quarter. Barclays PLC owned about 0.11% of Stratasys worth $669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Stratasys in the 3rd quarter valued at $90,000. Stifel Financial Corp grew its position in shares of Stratasys by 24.7% during 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. acquired a new stake in shares of Stratasys in the 3rd quarter valued at $210,000. Verition Fund Management LLC acquired a new stake in Stratasys in the third quarter valued at $322,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Stratasys by 510.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock valued at $563,000 after purchasing an additional 56,699 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Price Performance

Shares of SSYS stock opened at $8.89 on Thursday. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $14.33. The firm’s 50-day simple moving average is $9.03 and its 200-day simple moving average is $8.26. The firm has a market cap of $634.55 million, a P/E ratio of -6.73 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same quarter last year, the firm posted ($0.05) earnings per share. Stratasys’s revenue for the quarter was down 13.6% compared to the same quarter last year. Analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SSYS shares. StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Loop Capital lowered their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC raised their price objective on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Craig Hallum upped their target price on 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.