RIA Advisory Group LLC Makes New $33,000 Investment in Stratasys Ltd. (NASDAQ:SSYS)

RIA Advisory Group LLC purchased a new position in shares of Stratasys Ltd. (NASDAQ:SSYS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,319 shares of the technology company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSYS. Migdal Insurance & Financial Holdings Ltd. increased its position in Stratasys by 10.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after acquiring an additional 100,000 shares during the period. RPG Investment Advisory LLC increased its position in Stratasys by 10.1% during the fourth quarter. RPG Investment Advisory LLC now owns 422,507 shares of the technology company’s stock worth $6,033,000 after acquiring an additional 38,892 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Stratasys by 14.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,035 shares of the technology company’s stock worth $2,528,000 after acquiring an additional 22,262 shares during the period. Values First Advisors Inc. increased its position in Stratasys by 4.4% during the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after acquiring an additional 828 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in Stratasys by 10.5% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after acquiring an additional 127,330 shares during the period. 75.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SSYS. Cantor Fitzgerald began coverage on shares of Stratasys in a research note on Tuesday, February 13th. They set an “overweight” rating and a $24.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Stratasys in a research note on Tuesday, December 26th. Finally, StockNews.com began coverage on shares of Stratasys in a research note on Friday. They set a “buy” rating on the stock.

Stratasys Stock Performance

SSYS opened at $10.03 on Friday. The company’s 50 day moving average is $11.76 and its 200-day moving average is $12.09. Stratasys Ltd. has a 1-year low of $9.43 and a 1-year high of $21.72.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $156.34 million for the quarter, compared to the consensus estimate of $153.96 million. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS. On average, equities analysts expect that Stratasys Ltd. will post -0.29 earnings per share for the current year.

About Stratasys

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.