Kopion Asset Management LLC Raises Stock Position in Stratasys, Ltd. $SSYS

Kopion Asset Management LLC lifted its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 11.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,052,341 shares of the technology company’s stock after acquiring an additional 104,371 shares during the period. Stratasys accounts for about 5.8% of Kopion Asset Management LLC’s portfolio, making the stock its 8th biggest position. Kopion Asset Management LLC’s holdings in Stratasys were worth $8,745,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in Stratasys in the first quarter valued at approximately $11,107,000. Rubric Capital Management LP lifted its stake in shares of Stratasys by 9.0% in the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock valued at $62,480,000 after purchasing an additional 659,974 shares during the period. State of Michigan Retirement System acquired a new position in shares of Stratasys in the 1st quarter valued at $3,905,000. Tidal Investments LLC boosted its position in shares of Stratasys by 116.7% in the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 69,115 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Stratasys in the 2nd quarter worth $553,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SSYS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Zacks Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Stratasys Price Performance

SSYS traded down $0.10 during mid-day trading on Friday, hitting $7.96. The stock had a trading volume of 129,856 shares, compared to its average volume of 878,898. The stock’s fifty day simple moving average is $8.19 and its 200-day simple moving average is $8.42. The firm has a market capitalization of $685.48 million, a price-to-earnings ratio of -5.94 and a beta of 1.99. Stratasys, Ltd. has a 1-year low of $7.34 and a 1-year high of $12.81.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. The company had revenue of $137.61 million during the quarter. As a group, research analysts expect that Stratasys, Ltd. will post -0.19 earnings per share for the current fiscal year.

Stratasys Profile

Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.