Stratasys Ltd. (NASDAQ:SSYS) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Stratasys Ltd. (NASDAQ:SSYS) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,176 shares of the technology company’s stock after buying an additional 2,483 shares during the period. Tidal Investments LLC’s holdings in Stratasys were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after acquiring an additional 1,525 shares during the period. Geode Capital Management LLC boosted its position in Stratasys by 42.2% during the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after purchasing an additional 20,012 shares in the last quarter. Jane Street Group LLC grew its holdings in Stratasys by 17.4% in the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock valued at $858,000 after purchasing an additional 15,318 shares during the last quarter. State Street Corp increased its position in shares of Stratasys by 1.4% in the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after buying an additional 1,500 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Stratasys by 24.7% during the 3rd 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 during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Stock Performance

Shares of NASDAQ SSYS opened at $9.26 on Tuesday. The firm has a market cap of $660.96 million, a P/E ratio of -7.02 and a beta of 1.31. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $14.93. The firm’s 50 day moving average price is $8.75 and its 200 day moving average price is $8.25.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The business’s revenue was down 13.6% on a year-over-year basis. As a group, equities analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several recent research reports. Needham & Company LLC raised their target price on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Craig Hallum raised their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital reduced their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Loop Capital reduced their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Stratasys has an average rating of “Moderate Buy” and a consensus 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.