Trium Capital LLP Raises Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Trium Capital LLP raised its stake in Stratasys Ltd. (NASDAQ:SSYS) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,948 shares of the technology company’s stock after acquiring an additional 8,052 shares during the quarter. Trium Capital LLP owned approximately 0.22% of Stratasys worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ARK Investment Management LLC boosted its holdings in Stratasys by 22.2% during the second quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock worth $5,392,000 after buying an additional 116,912 shares in the last quarter. State of Michigan Retirement System boosted its position in Stratasys by 17.2% during the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock worth $6,859,000 after purchasing an additional 120,000 shares in the last quarter. TSP Capital Management Group LLC grew its holdings in Stratasys by 3.7% in the second quarter. TSP Capital Management Group LLC now owns 443,400 shares of the technology company’s stock valued at $3,720,000 after purchasing an additional 16,000 shares during the period. Values First Advisors Inc. increased its position in shares of Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after buying an additional 11,254 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Stratasys during the 1st quarter valued at approximately $598,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Analyst Upgrades and Downgrades

SSYS has been the topic of several recent analyst reports. StockNews.com started coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock. Needham & Company LLC decreased their price target on shares of Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Cantor Fitzgerald lowered their price objective on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Craig Hallum dropped their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Finally, Loop Capital decreased their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.80.

Stratasys Stock Performance

Shares of NASDAQ SSYS opened at $6.16 on Monday. The company has a 50 day simple moving average of $8.03 and a 200-day simple moving average of $9.46. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The company had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $146.38 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, analysts anticipate that Stratasys Ltd. will post -0.44 EPS 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.