Engineers Gate Manager LP Boosts Holdings in Stratasys, Ltd. (SSYS)
Engineers Gate Manager LP boosted its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 29.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,607 shares of the technology company’s stock after acquiring an additional 6,432 shares during the quarter. Engineers Gate Manager LP owned 0.05% of Stratasys worth $667,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI grew its holdings in Stratasys by 28.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 71,225 shares of the technology company’s stock worth $1,660,000 after acquiring an additional 15,812 shares during the last quarter. Scout Investments Inc. grew its holdings in Stratasys by 4.3% during the 2nd quarter. Scout Investments Inc. now owns 72,845 shares of the technology company’s stock worth $1,698,000 after acquiring an additional 2,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Stratasys during the 2nd quarter worth approximately $200,000. Royce & Associates LP grew its holdings in Stratasys by 2.1% during the 2nd quarter. Royce & Associates LP now owns 461,046 shares of the technology company’s stock worth $10,747,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Columbus Circle Investors bought a new stake in Stratasys during the 2nd quarter worth approximately $10,407,000. 67.04% of the stock is currently owned by hedge funds and other institutional investors.
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Stratasys, Ltd. (SSYS) opened at 24.06 on Friday. Stratasys, Ltd. has a 52-week low of $16.37 and a 52-week high of $30.88. The firm’s market cap is $1.27 billion. The company’s 50 day moving average is $22.75 and its 200-day moving average is $23.70.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. The business had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. On average, equities analysts predict that Stratasys, Ltd. will post $0.37 EPS for the current fiscal year.
A number of research firms have weighed in on SSYS. Goldman Sachs Group, Inc. (The) lowered shares of Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a report on Monday, June 26th. Loop Capital began coverage on shares of Stratasys in a report on Monday, July 24th. They set a “hold” rating and a $24.00 target price on the stock. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc began coverage on shares of Stratasys in a report on Thursday, July 13th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.66.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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