Stratasys Ltd. (NASDAQ:SSYS) Shares Acquired by RPG Investment Advisory LLC

RPG Investment Advisory LLC grew its position in Stratasys Ltd. (NASDAQ:SSYS) by 64.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,086,337 shares of the technology company’s stock after acquiring an additional 426,341 shares during the period. RPG Investment Advisory LLC’s holdings in Stratasys were worth $9,658,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SSYS. Quantbot Technologies LP acquired a new stake in shares of Stratasys in the third quarter valued at $90,000. Stifel Financial Corp grew its stake in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after buying an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Stratasys in the third quarter valued at $210,000. Verition Fund Management LLC acquired a new stake in shares of Stratasys in the third quarter valued at $322,000. Finally, Tidal Investments LLC grew its stake in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after buying an additional 2,483 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Stratasys in a research note on Monday, February 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 target price on shares of Stratasys in a research note on Monday, February 3rd. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Craig Hallum boosted their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Price Performance

Shares of NASDAQ SSYS opened at $11.19 on Monday. The company has a market capitalization of $798.72 million, a price-to-earnings ratio of -8.48 and a beta of 1.31. The business has a 50-day moving average of $10.07 and a two-hundred day moving average of $8.71. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $13.12.

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.