Stratasys Ltd. (NASDAQ:SSYS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 42.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,398 shares of the technology company’s stock after acquiring an additional 20,012 shares during the period. Geode Capital Management LLC owned about 0.09% of Stratasys worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rubric Capital Management LP raised its position in shares of Stratasys by 3.7% during the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock valued at $51,447,000 after acquiring an additional 222,297 shares in the last quarter. Clearline Capital LP raised its position in shares of Stratasys by 23.3% during the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after acquiring an additional 258,603 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Stratasys during the 3rd quarter valued at approximately $10,916,000. Pinnacle Associates Ltd. raised its position in shares of Stratasys by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after acquiring an additional 3,791 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its position in shares of Stratasys by 29.6% during the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after acquiring an additional 150,891 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on SSYS. Craig Hallum raised 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. StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, Needham & Company LLC raised their price target on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Up 1.4 %

SSYS stock opened at $9.13 on Friday. The company has a market capitalization of $651.68 million, a P/E ratio of -6.92 and a beta of 1.31. The company has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $8.30. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $14.33.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same period in the previous year, the firm earned ($0.05) EPS. Stratasys’s revenue was down 13.6% on a year-over-year basis. Equities analysts anticipate that Stratasys Ltd. will post -0.4 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.