Virtu Financial LLC Buys Shares of 42,659 Stratasys Ltd. (NASDAQ:SSYS)

Virtu Financial LLC purchased a new position in Stratasys Ltd. (NASDAQ:SSYS) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 42,659 shares of the technology company’s stock, valued at approximately $379,000. Virtu Financial LLC owned 0.06% of Stratasys at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after buying an additional 56,699 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stratasys during the 3rd quarter valued at $90,000. BNP Paribas Financial Markets boosted its stake in shares of Stratasys by 785.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company’s stock worth $1,078,000 after acquiring an additional 115,080 shares in the last quarter. Rubric Capital Management LP grew its holdings in shares of Stratasys by 3.7% in the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock worth $51,447,000 after acquiring an additional 222,297 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Stratasys during the third quarter worth $322,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Trading Down 0.8 %

Stratasys stock opened at $10.15 on Thursday. The company has a market capitalization of $727.92 million, a P/E ratio of -7.69 and a beta of 1.28. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $12.88. The firm’s fifty day simple moving average is $10.54 and its 200-day simple moving average is $9.19.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC raised their price target on shares of Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and an average 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.