Royce & Associates LP Acquires Shares of 165,000 Stratasys Ltd. (NASDAQ:SSYS)

Royce & Associates LP bought a new position in shares of Stratasys Ltd. (NASDAQ:SSYS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 165,000 shares of the technology company’s stock, valued at approximately $1,467,000. Royce & Associates LP owned 0.23% of Stratasys at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SSYS. Stifel Financial Corp lifted its holdings in Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after buying an additional 4,600 shares during the period. Geode Capital Management LLC lifted its stake in Stratasys by 42.2% in the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after acquiring an additional 20,012 shares during the period. Barclays PLC boosted its holdings in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after acquiring an additional 1,525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Stratasys by 510.6% during 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 purchasing an additional 56,699 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Stratasys by 785.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 115,080 shares in the last quarter. 75.77% of the stock is owned by institutional investors.

Stratasys Price Performance

NASDAQ:SSYS opened at $10.46 on Friday. Stratasys Ltd. has a one year low of $6.05 and a one year high of $12.88. The company’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $9.07. The firm has a market capitalization of $750.15 million, a P/E ratio of -7.92 and a beta of 1.28.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSYS. Needham & Company LLC lifted 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. Cantor Fitzgerald upped their target price on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, 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.