Stratasys Ltd. (NASDAQ:SSYS) Position Decreased by Kopion Asset Management LLC

Kopion Asset Management LLC lessened its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 5.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,096,047 shares of the technology company’s stock after selling 59,799 shares during the period. Stratasys accounts for about 6.8% of Kopion Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Kopion Asset Management LLC’s holdings in Stratasys were worth $9,744,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Invenomic Capital Management LP acquired a new position in Stratasys in the 3rd quarter valued at about $10,916,000. Clearline Capital LP acquired a new position in shares of Stratasys in the second quarter valued at approximately $9,301,000. Rubric Capital Management LP raised its stake in shares of Stratasys by 18.2% during the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. RPG Investment Advisory LLC raised its position in Stratasys by 29.6% during the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after buying an additional 150,891 shares during the last quarter. Finally, RBF Capital LLC purchased a new position in Stratasys during the third quarter worth about $1,080,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SSYS has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Craig Hallum increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Stratasys presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Trading Up 3.7 %

Shares of Stratasys stock traded up $0.32 during trading hours on Wednesday, reaching $8.90. The stock had a trading volume of 47,868 shares, compared to its average volume of 378,380. The firm has a 50 day simple moving average of $9.33 and a two-hundred day simple moving average of $8.31. The firm has a market capitalization of $635.26 million, a price-to-earnings ratio of -6.74 and a beta of 1.31. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $14.22.

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

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.