Royce & Associates LP Takes Position in Stratasys Ltd. (NASDAQ:SSYS)

Royce & Associates LP purchased a new stake in shares of Stratasys Ltd. (NASDAQ:SSYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 165,000 shares of the technology company’s stock, valued at approximately $1,467,000.

A number of other hedge funds also recently added to or reduced their stakes in SSYS. Quantbot Technologies LP bought a new stake in shares of Stratasys in the 3rd quarter worth $90,000. SBI Securities Co. Ltd. bought a new position in Stratasys during the 4th quarter valued at about $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 worth $193,000 after acquiring an additional 4,600 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Stratasys during the third quarter valued at approximately $210,000. Finally, Verition Fund Management LLC bought a new position in Stratasys during the third quarter valued at approximately $322,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Price Performance

NASDAQ:SSYS opened at $10.46 on Friday. The firm has a market capitalization of $750.15 million, a price-to-earnings ratio of -7.92 and a beta of 1.28. The business has a fifty day moving average price of $10.43 and a 200-day moving average price of $9.07. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $150.40 million for the quarter, compared to the consensus estimate of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. On average, equities research analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

SSYS has been the subject of a number of research reports. Needham & Company LLC boosted their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald boosted their price target on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

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.