Clearline Capital LP Makes New $9.30 Million Investment in Stratasys Ltd. (NASDAQ:SSYS)

Clearline Capital LP acquired a new stake in Stratasys Ltd. (NASDAQ:SSYS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,108,623 shares of the technology company’s stock, valued at approximately $9,301,000. Clearline Capital LP owned approximately 1.59% of Stratasys at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SSYS. Gabelli Funds LLC lifted its position in shares of Stratasys by 9.0% during the 2nd quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock worth $1,620,000 after buying an additional 16,000 shares during the last quarter. Rubric Capital Management LP boosted its stake in Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after acquiring an additional 918,703 shares in the last quarter. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 6.1% during the second quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company’s stock worth $4,271,000 after purchasing an additional 29,177 shares during the last quarter. Trium Capital LLP lifted its holdings in shares of Stratasys by 5.6% in the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 8,052 shares during the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of Stratasys by 22.2% in the 2nd quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock valued at $5,392,000 after purchasing an additional 116,912 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Trading Up 1.9 %

NASDAQ SSYS opened at $8.14 on Friday. The business’s 50-day moving average price is $7.58 and its 200 day moving average price is $8.97. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.93. The company has a market capitalization of $567.03 million, a PE ratio of -4.45 and a beta of 1.18.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $146.38 million. During the same period in the previous year, the company earned ($0.08) EPS. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. Equities analysts predict that Stratasys Ltd. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

SSYS has been the subject of a number of research reports. Needham & Company LLC reduced their price objective on Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Cantor Fitzgerald decreased their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Craig Hallum dropped their price objective on shares of Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. StockNews.com started coverage on shares of Stratasys in a research note on Monday, September 2nd. They set a “hold” rating for the company. Finally, Lake Street Capital lowered their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.80.

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.