Hussman Strategic Advisors Inc. purchased a new position in Stratasys Ltd (NASDAQ:SSYS) during the first quarter, Holdings Channel reports. The fund purchased 50,000 shares of the technology company’s stock, valued at approximately $1,191,000.
Other large investors also recently bought and sold shares of the company. Pearl River Capital LLC bought a new stake in shares of Stratasys in the 4th quarter worth approximately $25,000. Advisor Group Inc. raised its holdings in Stratasys by 14.2% during the 4th quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock valued at $83,000 after acquiring an additional 576 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in Stratasys by 48.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 10,748 shares of the technology company’s stock valued at $194,000 after acquiring an additional 3,513 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Stratasys during the 4th quarter valued at $194,000. Finally, SG Americas Securities LLC bought a new stake in Stratasys during the 1st quarter valued at $320,000. 69.17% of the stock is currently owned by institutional investors.
SSYS has been the topic of a number of analyst reports. Piper Jaffray Companies raised shares of Stratasys from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $31.00 in a report on Tuesday, January 29th. BidaskClub cut shares of Stratasys from a “sell” rating to a “strong sell” rating in a report on Monday, January 7th. Zacks Investment Research cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Finally, ValuEngine cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.50.
Stratasys (NASDAQ:SSYS) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $155.30 million for the quarter, compared to analysts’ expectations of $152.78 million. Stratasys had a negative net margin of 1.65% and a positive return on equity of 1.21%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, sell-side analysts expect that Stratasys Ltd will post 0.33 EPS for the current fiscal year.
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Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, 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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