Stratasys Ltd. (NASDAQ:SSYS) Shares Acquired by RPG Investment Advisory LLC

RPG Investment Advisory LLC grew its position in Stratasys Ltd. (NASDAQ:SSYS) by 64.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,086,337 shares of the technology company’s stock after purchasing an additional 426,341 shares during the period. RPG Investment Advisory LLC owned approximately 1.52% of Stratasys worth $9,658,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SSYS. Quantbot Technologies LP acquired a new stake in Stratasys during the third quarter worth about $90,000. Stifel Financial Corp grew its holdings in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the period. Point72 Asset Management L.P. acquired a new stake in Stratasys during the third quarter worth about $210,000. Verition Fund Management LLC acquired a new stake in Stratasys during the third quarter worth about $322,000. Finally, Tidal Investments LLC grew its holdings in Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after acquiring an additional 2,483 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Stock Down 2.9 %

NASDAQ:SSYS opened at $11.19 on Monday. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $13.12. The company has a market capitalization of $798.72 million, a P/E ratio of -8.48 and a beta of 1.31. The stock’s fifty day moving average is $10.07 and its two-hundred day moving average is $8.71.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 target price on shares of Stratasys in a report on Monday, February 3rd. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Craig Hallum raised their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Stratasys in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

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.