Stratasys Ltd. (NASDAQ:SSYS) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 2,711.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 9,558 shares of the technology company’s stock after acquiring an additional 9,218 shares during the quarter. Larson Financial Group LLC’s holdings in Stratasys were worth $111,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Stratasys in the fourth quarter valued at about $6,706,000. TSP Capital Management Group LLC lifted its position in Stratasys by 71.2% in the fourth quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock valued at $6,089,000 after acquiring an additional 177,350 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Stratasys by 10.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after acquiring an additional 100,000 shares during the last quarter. New York State Common Retirement Fund lifted its position in Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after acquiring an additional 10,747 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in Stratasys by 10.5% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after purchasing an additional 127,330 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Craig Hallum lowered their price target on shares of Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, July 1st. Needham & Company LLC reduced their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. StockNews.com initiated coverage on Stratasys in a report on Monday. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Stratasys in a research report on Thursday, May 30th.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded down $0.03 during mid-day trading on Wednesday, hitting $8.51. 384,175 shares of the stock were exchanged, compared to its average volume of 466,339. Stratasys Ltd. has a twelve month low of $8.02 and a twelve month high of $21.72. The company has a market cap of $592.81 million, a P/E ratio of -4.65 and a beta of 1.21. The stock’s fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $11.15.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). The firm had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. As a group, equities research analysts predict that Stratasys Ltd. will post -0.28 earnings per share for the current fiscal 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.