State Street Corp Buys 1,500 Shares of Stratasys Ltd. (NASDAQ:SSYS)

State Street Corp grew its stake in Stratasys Ltd. (NASDAQ:SSYS) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,578 shares of the technology company’s stock after buying an additional 1,500 shares during the period. State Street Corp’s holdings in Stratasys were worth $877,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Stratasys in the 3rd quarter worth approximately $90,000. Stifel Financial Corp raised its position 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 purchasing an additional 4,600 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Stratasys in the third quarter worth $210,000. Verition Fund Management LLC bought a new stake in shares of Stratasys during the 3rd quarter worth $322,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Stratasys by 510.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock valued at $563,000 after buying an additional 56,699 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Stratasys Stock Performance

NASDAQ SSYS opened at $8.70 on Friday. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.33. The stock has a market cap of $620.99 million, a PE ratio of -6.59 and a beta of 1.31. The firm has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $8.26.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. Research analysts forecast that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SSYS. Craig Hallum boosted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Loop Capital lowered their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC lifted their price target on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Stratasys presently has an average rating of “Moderate Buy” and an average price target of $11.40.

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.