Trexquant Investment LP Buys Shares of 15,319 Stratasys Ltd (SSYS)

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.

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Stratasys Profile

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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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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