Stifel Financial Corp Increases Stake in Stratasys Ltd. (NASDAQ:SSYS)

Stifel Financial Corp lifted its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 24.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,206 shares of the technology company’s stock after buying an additional 4,600 shares during the quarter. Stifel Financial Corp’s holdings in Stratasys were worth $193,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rubric Capital Management LP grew its holdings in shares of Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. RPG Investment Advisory LLC increased its position in shares of Stratasys by 29.6% in the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $563,000 after acquiring an additional 56,699 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Stratasys by 785.6% during the third quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 115,080 shares during the period. Finally, Clearline Capital LP bought a new stake in shares of Stratasys in the second quarter worth about $9,301,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Loop Capital lowered their price target on 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 raised Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Needham & Company LLC boosted their price objective on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Down 3.0 %

NASDAQ SSYS opened at $8.88 on Tuesday. The firm has a market capitalization of $633.84 million, a PE ratio of -6.73 and a beta of 1.31. The stock’s 50 day moving average is $8.97 and its 200 day moving average is $8.25. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.33.

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

Stratasys 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.