Trexquant Investment LP bought a new position in Stratasys Ltd (NASDAQ:SSYS) in the 3rd quarter, Holdings Channel reports. The fund bought 15,319 shares of the technology company’s stock, valued at approximately $354,000.
Other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in shares of Stratasys by 19,459.3% in the second quarter. CIBC Private Wealth Group LLC now owns 26,405 shares of the technology company’s stock worth $506,000 after buying an additional 26,270 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Stratasys in the second quarter worth about $288,000. Rhumbline Advisers lifted its position in shares of Stratasys by 5.8% in the second quarter. Rhumbline Advisers now owns 50,016 shares of the technology company’s stock worth $957,000 after buying an additional 2,735 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Stratasys by 213.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 102,031 shares of the technology company’s stock worth $1,953,000 after buying an additional 69,525 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Stratasys by 40.7% in the second quarter. ARK Investment Management LLC now owns 6,808,746 shares of the technology company’s stock worth $130,319,000 after buying an additional 1,970,216 shares in the last quarter. 74.56% of the stock is owned by institutional investors.
Shares of SSYS stock opened at $20.25 on Friday. Stratasys Ltd has a 1 year low of $17.17 and a 1 year high of $26.17. The company has a current ratio of 3.95, a quick ratio of 3.23 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 155.77, a P/E/G ratio of 4.54 and a beta of 1.72.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Stratasys had a positive return on equity of 1.01% and a negative net margin of 4.10%. The business had revenue of $162.00 million for the quarter, compared to the consensus estimate of $161.88 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Stratasys Ltd will post 0.29 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on SSYS shares. BidaskClub downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, October 17th. Cowen set a $22.00 target price on Stratasys and gave the stock a “hold” rating in a research report on Thursday, November 1st. ValuEngine downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Susquehanna Bancshares set a $27.00 price objective on Stratasys and gave the company a “buy” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Stratasys presently has an average rating of “Hold” and a consensus target price of $20.86.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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